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

/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: - China's trade surplus declined last year by $ 23 billion to $ 160 billion, said Commerce Minister Chen Deming of the country. According to Chen, lower surplus was due to a significant reduction in demand in overseas markets, primarily in the U.S. and Europe. In addition, exports from China are affected by the growth and appreciation of the yuan. Last month, it set a record as the dollar fell to 6.35 yuan. The Chinese currency over the past 2 years has risen by about 10%. At the same time, China's total trade increased by 20% and in 2011 was $ 3.6 trillion. It is predicted that in the future turnover will grow by an average of 10% per year and 2015 will be $ 4.8 trillion. The slowdown in export growth has a negative impact on China's economy, dependent on supplies of goods abroad. To sustain economic growth, the government of the country in recent years, relies on the expansion of domestic demand. So, in December, the financial regulators for the first time since the global economic crisis in 2008 reduced the reserve ratio for banks. - The French government has placed state debt of 8 billion euros ($ 10.3 billion), including 4.02 billion euros of 10-year bonds. Agency of France on state debt to report that the auction of 10-year bonds attracted bids for 6.61 billion euros, yield 3.29%. This is higher than yield of 3.18%, fixed for December. France also posted 690 million euro bonds expiring in October 2023, the yield of 3.5%, 1.1 billion euros of bonds with maturity in 2035, 3.96% yield, 2.2 billion euro 30-year bonds under 3.97%. - International Business Machines Corp. (IBM) acquires the British company Green Hat - manufacturer of the software (SW) for testing of various electronic devices at the design stage through the use of cloud technologies. The financial circumstances of the transaction were not disclosed. In the past few years, IBM has diversified business through the purchase of various suppliers and vendors. In December 2011, IBM paid $ 440 million for DemandTec Inc, which develops software that enables companies to predict demand in retail. IBM shares rose 0.71% during trading on Thursday on the stock exchange in Frankfurt. 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 [2012-01-06]