Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for January 18, 2012
/IRBIS, January 18, 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 18, 2012.
"Jazz Capital" Brokerage House notes the following significant events on international markets:
- Key U.S. and European markets finished the last session with growth of indices. Not bad macroeconomic data released on Tuesday from China and Europe, smoothed concerns of market participants regarding the situation with the debt crisis in the euro and the prospects of its negative impact on the global economy. Thus, the growth of China's GDP up to 2011 amounted to about 9.2%, which exceeded the most optimistic analysts' expectations. It should be noted that the representatives of China's monetary authorities predict a slowdown in the country this year. In Europe, there have been the focus of the data on inflation and moderate growth in prices in the euro zone and Great Britain on the basis of the past quarter, according to experts, leaves the possibility of preservation of soft monetary policy, and even the implementation of new issues in the case of such necessity. Following the session, the key areas of Europe for the second day in a row have closed with significant increase (0.65% -1.82%), the U.S. Dow Jones and S & P 500 on Tuesday closed with increase of 0.48% and 0.36% respectively.
- Venues of BRIC quartet closed on Tuesday with steady growth of quotations. Regional market participants, reassured by positive data from China, on Tuesday were actively opening new "long" positions, predicting preservation of the China's leading role, as in the Asian region and the world economy as a whole. Statistics on China's GDP growth was a key factor for any and all stock and commodity platforms, with some representatives of course demonstrated the dynamics on the basis of their own ideas. From the point of view of technical analysis, most areas of the developing countries still remain very attractive position for the entrance, and players will probably use this opportunity, both for purchases and for profit. Today's premarket before the opening of sites of emerging markets is evaluated "Jazz Capital" as "positive", trading in Asia is carried out with substantial increase in prices.
- The cost of a barrel of Brent crude oil closed with growth of trading on Tuesday by $ 0.85 to USD 111.29. Players of raw materials sites, together with colleagues from the sites of stock, "surrendered" to positive wave from China, led to yet another return of quotations of "black gold" at the limits of long-term price range. The situation around the embargo on imports of Iranian oil, in the course of the last day was a new round of escalation, while at present it is still unclear how realistic implementation of the most negative scenario of events in the region. Despite the ominous warnings from Iran, according to the "Jazz Capital", it is likely that the Islamic Republic would not dare to take extreme measures, especially given the fact that the U.S. has brought to the conflict zone likely strong battle group which includes three aircraft carriers. Either way, oil prices are currently very active to respond to any evidence, even if not very significant escalation of the conflict, and it is clear that the speculative component in this case is at the highest levels.
- The cost of an ounce of gold on the results of the last session increased by 1.1% to $ 1,662. Market players of "gold" futures, receiving support from both the positive economic data from the Middle Kingdom, and on the background of a new aggravation of the situation around Iran, on Tuesday paid off contracts, led to the completion of the session at the maximum for the past 5 weeks, levels. Quotes of the "noble metal" after another attempt to continue the downward trend that began last fall, once again rebounded from a more than 5 years the level of support received additional impetus for further improvement. In the short term, with high probability, the price of gold will continue moderate growth in the medium and long-term, forecasting the dynamics of quotations of the "noble metal" is quite difficult.
- Key market currency pairs of Forex on the basis of past trades, closed with moderate increase prices. Euro and British pound, on Tuesday started with significant increase against the background of good macrostatistics of Europe, closer to the second half of the session, began to be corrected by the end of the session has been reduced to a minimum growth of each day. Players of the currency market, obviously, remembered considerable depth of European issues, which the moderate inflation data is unlikely to be countered. Euro and British pound is currently located near 14 month lows, which at the same time putting pressure on the players on the rise, and, in turn, gives strength to "bears."
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.
[2012-01-18]