Dominion Lending Centres Clearlease Reports Stocks are turning in a lackluster performance in early trading on Monday
VANCOUVER, BC (June 20, 2011) Dominion Lending Centres Clearlease Reports Stocks are turning in a lackluster performance in early trading on Monday, with traders seemingly reluctant to make any significant moves. The major averages moved lower at the start of trading but have bounced back to the upside since then.
The major averages are currently posting modest gains, just off their highs for the young session. The Dow is up 17.03 points or 0.1 percent at 12,021.39, the Nasdaq is up 6.35 points or 0.2 percent at 2,622.83 and the S&P 500 is up 1.02 points or 0.1 percent at 1,272.52.
The choppy trading on Wall Street comes as traders shrug off continued concerns about the Greek debt crisis, looking ahead to the Federal Reserve’s latest monetary policy announcement on Wednesday.
The weakness seen at the open came after European finance ministers delayed their decision on extending $17 billion in financial assistance to Greece, waiting for the debt-plagued nation to approve additional austerity measures.
Greek Prime Minister George Papandreou has called for a confidence vote on his new government to be held Tuesday as he struggles to win support for measures to reduce the budget deficit.
Peter Boockvar, equity strategist at Miller Tabak, said, “The ‘To Do’ list for Greece, the EU and the IMF is still left unchecked after the weekend meetings.”
“While this soap opera continues, the underlying weakness of the global equity markets over the past month has been due to economic moderation and those fears continue in the two fastest avenues of growth, China and India,” he added.
Most of the major sectors are showing only modest moves, although early strength has emerged among health insurance stocks. The Morgan Stanley Healthcare Payor Index is up by 1.1 percent after ending Friday’s trading at its worst closing level in well over a month.
While gold and airline stocks are also moving to the upside, weakness among banking and utilities stocks has helped to offset the gains.
Among individual stocks, Agrium (AGU) is up by 3.7 percent after it raised its second quarter earnings from continuing operations guidance to $4.10-$4.40 per share from $3.38-$3.88 per share, citing very strong retail performance and increasing nutrient pricing.
PetSmart (PETM) is also trading higher after it announced a 12 percent increase in its quarterly dividend to $0.14 cents. The company’s board also authorized a new $450 million stock buyback program.
Meanwhile, PNC Financial Services (PNC) is down by 2.6 percent on news that the firm has agreed to buy the U.S. retail banking operations of Royal Bank of Canada (RY) for about $3.45 billion, topping an offer from BB&T Corp. (BBT).
Overseas, stock markets across the Asia-Pacific region closed mostly lower on Monday. Hong Kong’s Hang Seng Index fell by 0.4 percent and China’s Shanghai Composite Index slid by 0.8 percent. Japan’s benchmark Nikkei 225 Index bucked the downtrend, however, closing just above the unchanged line.
The major European markets are also seeing weakness on the day but have climbed well off their worst levels. The U.K.’s FTSE 100 Index is down by 0.4 percent, while the French CAC 40 Index and the German DAX Index are down by 0.7 percent and 0.5 percent, respectively.
In the bond market, treasuries are seeing modest strength in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 1.5 basis points at 2.929 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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 Alexander Pidgeon and Rene Pidgeon.
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 (June 20, 2011) Dominion Lending Centres Clearlease Reports Stocks are turning in a lackluster performance in early trading on Monday, with traders seemingly reluctant to make any significant moves. The major averages moved lower at the start of trading but have bounced back to the upside since then.
The major averages are currently posting modest gains, just off their highs for the young session. The Dow is up 17.03 points or 0.1 percent at 12,021.39, the Nasdaq is up 6.35 points or 0.2 percent at 2,622.83 and the S&P 500 is up 1.02 points or 0.1 percent at 1,272.52.
The choppy trading on Wall Street comes as traders shrug off continued concerns about the Greek debt crisis, looking ahead to the Federal Reserve’s latest monetary policy announcement on Wednesday.
The weakness seen at the open came after European finance ministers delayed their decision on extending $17 billion in financial assistance to Greece, waiting for the debt-plagued nation to approve additional austerity measures.
Greek Prime Minister George Papandreou has called for a confidence vote on his new government to be held Tuesday as he struggles to win support for measures to reduce the budget deficit.
Peter Boockvar, equity strategist at Miller Tabak, said, “The ‘To Do’ list for Greece, the EU and the IMF is still left unchecked after the weekend meetings.”
“While this soap opera continues, the underlying weakness of the global equity markets over the past month has been due to economic moderation and those fears continue in the two fastest avenues of growth, China and India,” he added.
Most of the major sectors are showing only modest moves, although early strength has emerged among health insurance stocks. The Morgan Stanley Healthcare Payor Index is up by 1.1 percent after ending Friday’s trading at its worst closing level in well over a month.
While gold and airline stocks are also moving to the upside, weakness among banking and utilities stocks has helped to offset the gains.
Among individual stocks, Agrium (AGU) is up by 3.7 percent after it raised its second quarter earnings from continuing operations guidance to $4.10-$4.40 per share from $3.38-$3.88 per share, citing very strong retail performance and increasing nutrient pricing.
PetSmart (PETM) is also trading higher after it announced a 12 percent increase in its quarterly dividend to $0.14 cents. The company’s board also authorized a new $450 million stock buyback program.
Meanwhile, PNC Financial Services (PNC) is down by 2.6 percent on news that the firm has agreed to buy the U.S. retail banking operations of Royal Bank of Canada (RY) for about $3.45 billion, topping an offer from BB&T Corp. (BBT).
Overseas, stock markets across the Asia-Pacific region closed mostly lower on Monday. Hong Kong’s Hang Seng Index fell by 0.4 percent and China’s Shanghai Composite Index slid by 0.8 percent. Japan’s benchmark Nikkei 225 Index bucked the downtrend, however, closing just above the unchanged line.
The major European markets are also seeing weakness on the day but have climbed well off their worst levels. The U.K.’s FTSE 100 Index is down by 0.4 percent, while the French CAC 40 Index and the German DAX Index are down by 0.7 percent and 0.5 percent, respectively.
In the bond market, treasuries are seeing modest strength in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 1.5 basis points at 2.929 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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 Alexander Pidgeon and Rene Pidgeon.
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 Stocks are turning in a lackluster performance in early trading on Monday
VANCOUVER, BC (June 20, 2011) Dominion Lending Centres Clearlease Reports Stocks are turning in a lackluster performance in early trading on Monday, with traders seemingly reluctant to make any significant moves. The major averages moved lower at the start of trading but have bounced back to the upside since then.
The major averages are currently posting modest gains, just off their highs for the young session. The Dow is up 17.03 points or 0.1 percent at 12,021.39, the Nasdaq is up 6.35 points or 0.2 percent at 2,622.83 and the S&P 500 is up 1.02 points or 0.1 percent at 1,272.52.
The choppy trading on Wall Street comes as traders shrug off continued concerns about the Greek debt crisis, looking ahead to the Federal Reserve’s latest monetary policy announcement on Wednesday.
The weakness seen at the open came after European finance ministers delayed their decision on extending $17 billion in financial assistance to Greece, waiting for the debt-plagued nation to approve additional austerity measures.
Greek Prime Minister George Papandreou has called for a confidence vote on his new government to be held Tuesday as he struggles to win support for measures to reduce the budget deficit.
Peter Boockvar, equity strategist at Miller Tabak, said, “The ‘To Do’ list for Greece, the EU and the IMF is still left unchecked after the weekend meetings.”
“While this soap opera continues, the underlying weakness of the global equity markets over the past month has been due to economic moderation and those fears continue in the two fastest avenues of growth, China and India,” he added.
Most of the major sectors are showing only modest moves, although early strength has emerged among health insurance stocks. The Morgan Stanley Healthcare Payor Index is up by 1.1 percent after ending Friday’s trading at its worst closing level in well over a month.
While gold and airline stocks are also moving to the upside, weakness among banking and utilities stocks has helped to offset the gains.
Among individual stocks, Agrium (AGU) is up by 3.7 percent after it raised its second quarter earnings from continuing operations guidance to $4.10-$4.40 per share from $3.38-$3.88 per share, citing very strong retail performance and increasing nutrient pricing.
PetSmart (PETM) is also trading higher after it announced a 12 percent increase in its quarterly dividend to $0.14 cents. The company’s board also authorized a new $450 million stock buyback program.
Meanwhile, PNC Financial Services (PNC) is down by 2.6 percent on news that the firm has agreed to buy the U.S. retail banking operations of Royal Bank of Canada (RY) for about $3.45 billion, topping an offer from BB&T Corp. (BBT).
Overseas, stock markets across the Asia-Pacific region closed mostly lower on Monday. Hong Kong’s Hang Seng Index fell by 0.4 percent and China’s Shanghai Composite Index slid by 0.8 percent. Japan’s benchmark Nikkei 225 Index bucked the downtrend, however, closing just above the unchanged line.
The major European markets are also seeing weakness on the day but have climbed well off their worst levels. The U.K.’s FTSE 100 Index is down by 0.4 percent, while the French CAC 40 Index and the German DAX Index are down by 0.7 percent and 0.5 percent, respectively.
In the bond market, treasuries are seeing modest strength in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 1.5 basis points at 2.929 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
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 Alexander Pidgeon and Rene Pidgeon.
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