Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for January 11, 2012
/IRBIS, January 11, 2012/ -"Jazz Capital" Brokerage house JCS (Almaty, Real Invest Group) has provided IRBIS with a survey of main events, market reviews and investment ideas for January 11, 2012.
"Jazz Capital" Brokerage House notes the following significant events on international markets:
- Bidding for key U.S. and European markets ended on Wednesday with the growth of indices. Positive due to psychological factors beginning of the season in the U.S. corporate reports sent key U.S. indices to levels of five- month highs. Thus, an optimistic outlook for results in the coming year, voiced by representatives of the aluminum giant Alcoa, was able to neutralize the negative reaction of fixation by losses in the fourth quarter of last year. Traders are looking ahead with hope, believing that the most negative scenario for the situation in the world economy will not be implemented. In addition to the earnings season additional important bearish' factor were the expectations of market participants for softening of new monetary policy by China, which theoretically could restore much-needed impressive annual growth rate. Following the session, the sites of Europe closed in positive territory at 1.5% - 2.66%, the U.S. Dow Jones and S & P 500 finished the previous day with gain of 0.56% and 0.89% respectively.
- Indexes of BRIC quartet of sites on the basis of the last session closed with certain increase in prices. Regional players, led by the positive attitude of their Western counterparts, as well as hopes for lower interest rates by China, on Wednesday actively bought "risky assets", "throwing" the local index on a solid, more than 1.5% value growth. It's no doubt that an additional "bullish" factor was the resumption of growth in oil prices, which however, has not been seen as a long-term. At the end of the day, just 3 indexes of quartet recorded more than 2% growth, increase of China's Shanghai Composite up 2.6% is notable, following similar, not less strong growth in the previous day. The most modest results are observed in Brazilia (1.22%), the index of RTS closed higher by 2.77%. Today's premarket before the opening of sites in emerging markets is estimated by "Jazz Capital" as "moderately positive"; trading in Asia is currently taking place in a mixed style, with prevailing growth.
- The cost of the nearest contract for the supply of Brent crude oil on the results of the last session rose by $ 0.83 to $113.28. Short-term correction of quotations of "black gold" is obviously winding down to "no", and market players of oil contracts are being prepared for a new "bullish" jerk. Key driver for growth probably is the statement by the Minister of Foreign Affairs of France, under which the consideration of an embargo on oil supplies from Iran, may be postponed, and a week earlier rather than later, as was announced earlier. Anyway, the quotes of "black gold" were able to return to a peak in the last 2 months, and now the prospects on oil prices are estimated at more as a positive.
- Quotes of troy ounce of gold, at the end of last session, rose by 1.5% to $ 1,635.4. The price of gold, after several days of decline, showing a clear "desire" to return to the recent growth rates, and the last session, was the most obvious proof of this. Quotes of the "noble metal", having finished the day with 1.5% growth, finished the day above the level of $ 1,635, "targeting" the next major resistance level at $ 1,650 per troy ounce.
- Both major currency pairs of Forex Market closed on the basis of trading on Tuesday without significant changes. Euro and British pound, which began there was some recovery of lost days earlier positions in the second half of the previous session again adjusted, fully offset on the day morning a small increase. Obviously, expected at the end of this week a new meeting between France and Germany, Angela Merkel and Nicolas Sarkozy, on the reform of the euro area fiscal policy is perceived by traders as one of the key drivers for future decision making.
This material has exclusively informational character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions given in this material.
[2012-01-11]