Dominion Lending Centres Clearlease Reports European markets suffered a bout of profit-taking on Tuesday
VANCOUVER, BC (May 17, 2011) Clearlease Reports European markets suffered a bout of profit-taking on Tuesday as disappointing economic data, press reports of a Greek debt restructuring, and bad news from US tech stock Hewlett-Packard soured sentiment.
There was speculation of a “soft restructuring” of Greece’s debt, as the €110bn bail-out issued last year hasn’t brought an end to its sovereign concerns. The prime minister of Luxembourg, Jean-Claude Juncker – who is also the chair of the Eurozone finance ministers – said Greece’s debt “at the moment is unsustainable.” “If Greece makes all these efforts, then we must see if it is possible to make a soft restructuring of Greek debt. I am strictly opposed to a major restructuring of Greek debt,” he said.
The Dax in Frankfurt took a tumble on weaker-than-expected economic news. The ZEW Indicator of Economic Sentiment fell to 3.1 in May, down from 7.6 in April, and significantly below the indicator’s historical average of 26.5 points, ZEW said. “It came as a surprise that the German economy recovered from the crisis that quickly. This strong dynamic is not going to last undamped. Also, risks, such as the crisis in the Eurozone and global economic imbalances, should be recognised,” says ZEW president Wolfgang Franz.
Meanwhile, tech stocks were under a cloud after a leaked memo to Hewlett-Packard employees from the computer maker’s chief executive Leo Apotheker in which he warned staff to expect “another tough quarter”. While the group had to report its results a day earlier than planned after the embarrassing slip-up, which revealed that the firm had lowered its guidance for the current quarter and full-year.
German software giant SAP, with its dependence on the corporate market, was friendless, as were computer chip firms Infineon and ST Microelectronics.
French conglomerate Bouygues was the worst performer on the CAC after it saw first quarter profit slump 81% from a year earlier to €34m, despite sales rising 4% €6.69bn from €6.44bn the year before. Analysts had pencilled in €106m for net income, but were bang on the money with their sales forecast.
French supermarket giant Carrefour was the only riser in Paris after holding a day of presentations to the investment community, as it seeks to restore confidence following a spare of profit warnings and management stumbles. The company reiterated its intention to achieve growth in sales and operating profit this year, even though it said trading in western Europe remained difficult. The picture is brighter in Asia and Latin America, while the retailer also expressed pleasure at the performance of its Planet Carrefour hypermarkets. Carrefour also confirmed plans to spin off its discount chain, Dia, and list it in Madrid.
Austrian oil outfit OMV finished in the red after announcing it is to tap up shareholders for €900m in order to fund its recent acquisitions in Tunisia and Turkey. The company is issuing up to 27.3m new shares, and offering them to shareholders on the basis of 1 new share for every 11 held, at a maximum price per share of €33, a premium to the prevailing share price.
Well after stock market trading closed in Europe last night German car maker Daimler and UK engine designer Rolls-Royce announced they had won the approval of the board of Tognum for their revised offer for the German engine supplier. Nevertheless, both Daimler and Tognum fell lower in Frankfurt. The offer price will be increased by €2 to €26 per share and the acceptance period will be extended to June 1, 2011, Rolls-Royce said. The acceptance level will be lowered to 30%.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (May 17, 2011) Clearlease Reports European markets suffered a bout of profit-taking on Tuesday as disappointing economic data, press reports of a Greek debt restructuring, and bad news from US tech stock Hewlett-Packard soured sentiment.
There was speculation of a “soft restructuring” of Greece’s debt, as the €110bn bail-out issued last year hasn’t brought an end to its sovereign concerns. The prime minister of Luxembourg, Jean-Claude Juncker – who is also the chair of the Eurozone finance ministers – said Greece’s debt “at the moment is unsustainable.” “If Greece makes all these efforts, then we must see if it is possible to make a soft restructuring of Greek debt. I am strictly opposed to a major restructuring of Greek debt,” he said.
The Dax in Frankfurt took a tumble on weaker-than-expected economic news. The ZEW Indicator of Economic Sentiment fell to 3.1 in May, down from 7.6 in April, and significantly below the indicator’s historical average of 26.5 points, ZEW said. “It came as a surprise that the German economy recovered from the crisis that quickly. This strong dynamic is not going to last undamped. Also, risks, such as the crisis in the Eurozone and global economic imbalances, should be recognised,” says ZEW president Wolfgang Franz.
Meanwhile, tech stocks were under a cloud after a leaked memo to Hewlett-Packard employees from the computer maker’s chief executive Leo Apotheker in which he warned staff to expect “another tough quarter”. While the group had to report its results a day earlier than planned after the embarrassing slip-up, which revealed that the firm had lowered its guidance for the current quarter and full-year.
German software giant SAP, with its dependence on the corporate market, was friendless, as were computer chip firms Infineon and ST Microelectronics.
French conglomerate Bouygues was the worst performer on the CAC after it saw first quarter profit slump 81% from a year earlier to €34m, despite sales rising 4% €6.69bn from €6.44bn the year before. Analysts had pencilled in €106m for net income, but were bang on the money with their sales forecast.
French supermarket giant Carrefour was the only riser in Paris after holding a day of presentations to the investment community, as it seeks to restore confidence following a spare of profit warnings and management stumbles. The company reiterated its intention to achieve growth in sales and operating profit this year, even though it said trading in western Europe remained difficult. The picture is brighter in Asia and Latin America, while the retailer also expressed pleasure at the performance of its Planet Carrefour hypermarkets. Carrefour also confirmed plans to spin off its discount chain, Dia, and list it in Madrid.
Austrian oil outfit OMV finished in the red after announcing it is to tap up shareholders for €900m in order to fund its recent acquisitions in Tunisia and Turkey. The company is issuing up to 27.3m new shares, and offering them to shareholders on the basis of 1 new share for every 11 held, at a maximum price per share of €33, a premium to the prevailing share price.
Well after stock market trading closed in Europe last night German car maker Daimler and UK engine designer Rolls-Royce announced they had won the approval of the board of Tognum for their revised offer for the German engine supplier. Nevertheless, both Daimler and Tognum fell lower in Frankfurt. The offer price will be increased by €2 to €26 per share and the acceptance period will be extended to June 1, 2011, Rolls-Royce said. The acceptance level will be lowered to 30%.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports European markets suffered a bout of profit-taking on Tuesday
VANCOUVER, BC (May 17, 2011) Clearlease Reports European markets suffered a bout of profit-taking on Tuesday as disappointing economic data, press reports of a Greek debt restructuring, and bad news from US tech stock Hewlett-Packard soured sentiment.
There was speculation of a “soft restructuring” of Greece’s debt, as the €110bn bail-out issued last year hasn’t brought an end to its sovereign concerns. The prime minister of Luxembourg, Jean-Claude Juncker – who is also the chair of the Eurozone finance ministers – said Greece’s debt “at the moment is unsustainable.” “If Greece makes all these efforts, then we must see if it is possible to make a soft restructuring of Greek debt. I am strictly opposed to a major restructuring of Greek debt,” he said.
The Dax in Frankfurt took a tumble on weaker-than-expected economic news. The ZEW Indicator of Economic Sentiment fell to 3.1 in May, down from 7.6 in April, and significantly below the indicator’s historical average of 26.5 points, ZEW said. “It came as a surprise that the German economy recovered from the crisis that quickly. This strong dynamic is not going to last undamped. Also, risks, such as the crisis in the Eurozone and global economic imbalances, should be recognised,” says ZEW president Wolfgang Franz.
Meanwhile, tech stocks were under a cloud after a leaked memo to Hewlett-Packard employees from the computer maker’s chief executive Leo Apotheker in which he warned staff to expect “another tough quarter”. While the group had to report its results a day earlier than planned after the embarrassing slip-up, which revealed that the firm had lowered its guidance for the current quarter and full-year.
German software giant SAP, with its dependence on the corporate market, was friendless, as were computer chip firms Infineon and ST Microelectronics.
French conglomerate Bouygues was the worst performer on the CAC after it saw first quarter profit slump 81% from a year earlier to €34m, despite sales rising 4% €6.69bn from €6.44bn the year before. Analysts had pencilled in €106m for net income, but were bang on the money with their sales forecast.
French supermarket giant Carrefour was the only riser in Paris after holding a day of presentations to the investment community, as it seeks to restore confidence following a spare of profit warnings and management stumbles. The company reiterated its intention to achieve growth in sales and operating profit this year, even though it said trading in western Europe remained difficult. The picture is brighter in Asia and Latin America, while the retailer also expressed pleasure at the performance of its Planet Carrefour hypermarkets. Carrefour also confirmed plans to spin off its discount chain, Dia, and list it in Madrid.
Austrian oil outfit OMV finished in the red after announcing it is to tap up shareholders for €900m in order to fund its recent acquisitions in Tunisia and Turkey. The company is issuing up to 27.3m new shares, and offering them to shareholders on the basis of 1 new share for every 11 held, at a maximum price per share of €33, a premium to the prevailing share price.
Well after stock market trading closed in Europe last night German car maker Daimler and UK engine designer Rolls-Royce announced they had won the approval of the board of Tognum for their revised offer for the German engine supplier. Nevertheless, both Daimler and Tognum fell lower in Frankfurt. The offer price will be increased by €2 to €26 per share and the acceptance period will be extended to June 1, 2011, Rolls-Royce said. The acceptance level will be lowered to 30%.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk