Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for January 17, 2012
/IRBIS, January 17, 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 17, 2012.
"Jazz Capital" Brokerage House notes the following significant events on international markets:
- Bidding for major U.S. and European markets ended on Monday in different directions. Lowering the credit ratings of the number of eurozone countries, and especially France, has led to negative start of the session in Europe, and as it turned out, the European authorities finally "disappointed" by U.S. rating agencies agreed in principle on the need to create your own agency. However, by the middle of trades, quotes, European markets leveled off, helped by the successful deployment of French bonds - in addition to a significant amount of the $ 8.5 billion, showed a positive trend and profitability are down slightly from the previous allocation. Trading in the U.S., in turn, started to decline - key "bear" factor was the decrease by the agency S & P500 of the ratings of EU Stabilization Fund. It must be acknowledged that the rating agencies, as well as in 2008, again not go fore, while if, 3 years ago, the negative impact was largely due to their failure to act, now, obviously, that do not have time to get stronger markets, and again are again under pressure actions of rating agencies. Following the session, the key European markets closed higher by 0.37% - 1.25%, the U.S. Dow Jones and S & P500 finished the last session was down 0.39% and 0.49% respectively. Today, trading in Europe is likely to re-start to sales - the loss of the highest credit rating of the European Financial Stability Fund (EFSF), has not been played for local players.
- Indexes of BRIC quartet were closed on Monday mostly moderate increase in prices. Regional market participants, led by their own internal ideas, on Monday again refused to correlate actions with colleagues from the U.S. and Europe, failing to end the session a little increase in market capitalization. An exception was made only one Chinese Shanghai Composite - local players, in addition to the factors of technical analysis, guided by expectations for the release of economic data, which, in their opinion, should have to witness a worsening trend. Positive impact on the developing market traders had oil prices, quotes, which after two days of feeble results on Monday, a few straighten out. Today's premarket before the opening of trading on platforms emerging markets is estimated by us as a moderately positive - on the one hand the pressure is probably moderate, the players will be given the negative end of the session in the U.S., on the other - in support of the "bulls" will make positive picture for the Asian sites.
- The cost of a barrel of Brent crude oil by the closure of the session increases by 0.91% to $ 111.4. Quotes of the "black gold" on Monday managed to recover somewhat after two days of decline, and it is obvious that this is primarily contributed to the factors of technical analysis. Following statements by the Iranian authorities about the readiness to resume negotiations on its nuclear program, as well as the observer access to the IAEA's nuclear facilities, changes in the geopolitical situation does not happen. EU officials also postponed a crucial meeting of leaders of Germany, France and Italy at a later date that, in general, does not exclude the possibility of transfer and the decision to impose an embargo on imports of Iranian oil. On the other hand, factors such as the willingness of Japan to replace Iran's oil than oil from other vendors, as well as the obvious compliance in this matter and the South Korean government, the situation is obviously not conducive to rarefaction of the situation in the Persian Gulf.
- The cost of an ounce of gold on the results of the last session increased by 0.37% to a level of $ 1,643. Quotes of the "noble metal" on the last week demonstrated the dynamics are very similar to that shown in oil prices. So, after several days of adjustment, the price of gold, were able to refract on Monday the negative trend, adding a little less than-half, while immediately after the close of trading in London, was recorded a new, virtually interest 'jump' in prices. Some analysts, obviously, not unreasonably assumes that the price of oil is returned to recording her status as "defensive asset," and during a possible reduction in investor confidence in the once-robust eurozone securities and U.S. Treasury, the role of investment in gold could rise significantly. However, so far only the preservation by the players on increase of levels of level higher than $1,600 is visible, and relatively making more far-reaching conclusions to date, according to the "Jazz Capital", it is too early.
- Both major currency pairs Forex market on the basis of the last session, did not record significant changes. Euro and British pound, which on opinion of "Jazz Capital" had the most unenviable role as a key indicator of the state economies in the EU, for several months are on the "crossroads". On the one hand - a lot of debt problems in the euro area, have a significant pressure on the attractiveness of the European currencies at the same time, substantial sales in recent months, according to some market participants, led to technical oversold euro and British pound. In the short term, "Jazz Capital" expects further direct correlation rate of European currencies with the events around the problems of the eurozone, and the successful placement next to the largest of its participants may well reverse the negative trend, at least in short term.
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.
[2012-01-17]