Market reviews from analysts of FIH "RESMI" (Kazakhstan) for January 5, 2012

05.01.12 14:59
/IRBIS, January 5, 2012/ - "RESMI" Financial & Investment House" JCS (Almaty, "RESMI" FIH) has provided IRBIS with the review of key events and its investment ideas and forecasts for January 5, 2012 The "RESMI" FIH analysts pay the investors' attention to the following key events on the markets: - Chairman of the Central Europe Mario Draghi has appointed Belgian Peter Preta as head of economic department of ECB. Thus, the ECB leadership has ignored call of Germany to put in this position one of the representatives of this country. Peter Pret became the first ECB's chief economist who is not a citizen of Germany. Previously, he has been working as an expert on financial regulation of the Central Bank of Belgium. From Germany in the ECB's Governing Council Joerg Asmussen was appointed, who will deal with external relations. Another contender for the post of chief economist Frenchman Benoit Coeur in March will control financial transactions. - Germany has placed 10-year bonds worth 4.1 billion euros. The auction, which was planned to attract 5 billion euros, attracted bids worth 5.3 billion euros. The Bundesbank, in accordance with standard practice, retained bonds of approximately 900 million euros for the German Agency for civic duty. France, which has to be considered with doubts about its highest rating, placing government bonds today, January 5, accommodation in Italy and Spain will take place next week. Also, on this week placement of 3-year bonds of Eurozone Fund of Financial Stability (EFSF) to the sum of 3 billion euros is expected. - Scott Thompson, a former president of PayPal, a division of eBay, has been appointed as CEO of Yahoo! Inc. S. Thompson takes office on January 9. Yahoo! Finance Director Timothy Morse, Acting CEO, will return to the work of financial director. In September 2011 the Board of Directors of Yahoo! sacked CEO Carol Bartz and began strategic restructuring of the company. On Wednesday, Yahoo! reported that the restructuring process will continue. 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 [2012-01-05]