Market reviews from analysts of FIH "RESMI" (Kazakhstan) for January 17, 2012

/IRBIS, January 17, 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 17, 2012 The "RESMI" FIH analysts pay the investors' attention to the following key events on the markets: - China's economy grew the slowest pace in 10 quarters, due to reduced demand for exported products and the company long-term reduction in consumer prices. GDP in the 4th quarter rose by 8.9% compared with the previous year. Growth slowed to a rate below 9% for the first time since mid-2009, the average forecast of economists was 8.7%. Industrial production in December increased by 12.8% over the previous year. The output of this report may increase pressure on Prime Minister Wen Jiabao Minister to expand the policy to support economic growth. Growth for the full year was 9.2%, compared with 10.4% in 2010. Analysts expect the adoption of measures to mitigate the monetary policy before the Chinese New Year celebrations on January 23, which will last a week. - The agency Standard & Poor's downgraded the rating of the European Financial Stability Fund (EFSF) in one step, from the maximum possible "AAA" to "AA +". Analysts of agency noted that the main reason for downgrading EFSF was recently downgraded from "AAA" to "AA +" credit rating in France and Austria. Guarantees for bonds of EFSF issue countries included in euro area, which determines the dependence of its rating from ratings of the most developed countries in the eurozone. The forecast for further rating of EFSF declared "developing", which means possible increase in the case of a favorable situation. - French shares rose following the increase in government bonds of France, after the cost of borrowing fell at the first location from the reduction of agency Standard & Poor's rating of France, as well as after the ECB has bought Italian and Spanish state debt. Two-year yields on French state bonds fell 4 basis points to 0.67%. - Amazon (AMZN +1.42%). Amazon company has released software tools that are designed to work with e- books in the new format KF8. The new format will provide for use of rich graphics in e-books. However, support for video and audio at this stage, unfortunately, not available. It is noted that Amazon is now ready to take on the publishers and distribute materials in KF8- format. At first, these books will be offered for the 200- dollar Android-tablet Kindle Fire. Later, support for the format appears in the latest Kindle reader, and applications for personal computers and portable devices. Amazon.com said Tuesday that he had signed a contract with Hollywood studios to sell movies that can be downloaded via the Internet "Locker". This system includes five production studios. The framework agreement has not advertised, but it is clear that this move has been made to support the system UltraViolet. Film studios, in turn, hopes that the system will become popular and customers continue to buy movies, but not to take them out, which is less profitable for them. - Oracle (ORCL +0.63%), Oracle has released a new version of TimesTen - DBMS, performs all the processing in memory. It will be a major component of hardware and software rival Oracle Exalytics platform and SAP HANA. - Caterpillar (CAT +0.54%). The world's largest manufacturer of earthmoving equipment, Caterpillar, reduced the salaries of their workers in the CAW, which is owned by the Company. As a result, production has halted due to the strike of the workers. Reportedly, the hourly wage dropped to $ 16.50 from $ 30. Also, on Saturday a strike in support of the workers will be held. - Netflix (NFLX +2.42%) in the District Court for the Northern District of California, USA, joined a lawsuit alleging that the company Netflix, which provides services of home entertainment, made false and misleading statements regarding business practices and contracts with studios that stimulated the growth of the price of its shares. Thus, the Company sold 388,661 shares at an inflated price and earned $ 90.2 million later, when the fraud was announced, stock prices fell Netflix. As the defendants in the case were found to CEO Reed Hastings, chief financial officer, David Wells, Chief Content Officer Ted Sarandos, Chief Marketing Officer Leslie Kilgore, and Chief Product Officer Neil Hunt. Netflix Zaev of its intention to expand its business in Europe. The company has already started offering its services in Ireland and the UK on January 9. According to information received, the project has enough for the expensive company, which will undoubtedly affect the profit Netflix in the short term. Nevertheless, management relies on the revenue streams in the long run. 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 [2012-01-17]