Market reviews from analysts of FIH "RESMI" (Kazakhstan) for December 27, 2011

/IRBIS, December 27, 2011/ - "RESMI" Financial & Investment House" JCS (Almaty, "RESMI" FIH) has provided IRBIS with the review of key events and its investment ideas and forecasts for December 26, 2011 The "RESMI" FIH analysts pay the investors' attention to the following key events on the markets: - Growth of profits of Chinese industrial firms slowed in 2012, highlighting the need for further easing of monetary and fiscal policy to support economic growth. Net income increased by 24.4% over 11 months in 2011 to 4.66 trillion yuan ($ 737 billion), according to the National Bureau of Statistics. The pace of growth slowed compared with 25.3% growth over 10 months of 2011, and 27% growth in Q3. In November, profits of manufacturing companies increased by 17.9% compared with 12.5% in October. - According to the Ministry of Labour of France, in November 2011 on labor exchanges 2.85 million people were registered, which is an increase of unemployment on an annualized basis of 5.2%. According to statistics, the last time a similar situation was observed in France 12 years ago - in November 1999. Ministry of Labour of France on the basis of the data does not make the calculation of unemployment in the country. This deals with the French National Institute of Statistics and Economic Studies (INSEE), according to which the unemployment rate in France in the 3rd quarter of 2011, as compared to 2nd quarter 2011 increased by 0.1% - from 9.6% to 9.7%. France has the highest level of debt - 85% of GDP - among the euro area with a rating of AAA. The French government has significant indirect risks due to problems in the banking sector, which, according to the Bank for International Settlements in the middle of 2011, has invested 681 billion euros in assets unreliable countries PIIGS (Portugal, Ireland, Italy, Greece, Spain). - JSC "NC "Rosneft" plans in February 2012 to conclude new agreement concerning the work of a Russian company in North America with the American ExxonMobil. Entering of the Russian company into projects in North America will be marked by the signing of an agreement to establish joint ventures and binding agreements. In August, "Rosneft" and ExxonMobil have signed a strategic cooperation agreement in the U.S., Russia and third countries. The agreement, in particular, provides an opportunity to "Rosneft" to get a stake in a number of exploration projects in North America, ExxonMobil, including the deep water Gulf of Mexico, and as deposits with hard oil reserves in Texas and in other potential projects in other countries. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are given in this material [2011-12-27]