Dominion Lending Centres Clearlease Reports traders reacting negatively to disappointing economic data
VANCOUVER, BC – (May 16, 2011) Clearlease Reports With traders reacting negatively to disappointing economic data as well as news of the arrest of the head of the International Monetary Fund, stocks are seeing moderate weakness in early trading on Monday. Selling pressure has remained subdued, however, limiting the downside for the markets.
The early weakness on Wall Street is partly due to the release of a report from the New York Federal Reserve showing a much bigger than expected slowdown in the pace of regional manufacturing growth in the month of May.
The New York Fed said its general business conditions index fell to 11.9 in May from 21.7 in April, although a positive reading indicates growth in the manufacturing sector. Economists had expected the index to show a much more modest drop to a reading of 20.0.
Paul Ashworth, Chief U.S. Economist at Capital Economic, said, “Overall, the manufacturing recovery appears to be losing a little momentum, but for now it is still the economy’s best performing sector.”
Negative sentiment has also been generated by news that IMF chief Dominique Strauss-Kahn was arrested in New York on Sunday on charges that he attempted to sexually assault a hotel maid.
Police said Strauss-Kahn has been charged with a criminal sexual act, attempted rape and unlawful imprisonment over an incident involving a 32-year-old maid at the luxury Sofitel near Times Square.
Strauss-Kahn’s arrest has added to recent concerns about the financial situation in Europe, where officials are meeting today to discuss Greece’s financing needs.
Meanwhile, shares of NYSE Euronext (NYX) have moved sharply lower in early trading on news that Nasdaq OMX (NDAQ) and IntercontinentalExchange (ICE) are withdrawing their joint proposal to acquire the NYSE, citing difficulty in receiving necessary regulatory approvals.
Home improvement products retailer Lowe’s (LOW) is also seeing early weakness after reporting below-consensus earnings and revenues for the first quarter and issuing lukewarm guidance for the full year.
While a majority of the major sectors have move to the downside, most are showing only modest downward moves. Moderate weakness is visible among networking, oil, and healthcare provider stocks.
On the other hand, gold and airline stocks have moved mostly higher in early trading, partly offsetting the weakness seen in the other sectors.
The major averages have not seen much follow-through on their initial downward move and are currently posting modest losses. The Dow is down 53.13 points or 0.4 percent at 12,542.62, the Nasdaq is down 12.56 points or 0.4 percent at 2,815.91 and the S&P 500 is down 3.83 points or 0.3 percent at 1,333.94.
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 16, 2011) Clearlease Reports With traders reacting negatively to disappointing economic data as well as news of the arrest of the head of the International Monetary Fund, stocks are seeing moderate weakness in early trading on Monday. Selling pressure has remained subdued, however, limiting the downside for the markets.
The early weakness on Wall Street is partly due to the release of a report from the New York Federal Reserve showing a much bigger than expected slowdown in the pace of regional manufacturing growth in the month of May.
The New York Fed said its general business conditions index fell to 11.9 in May from 21.7 in April, although a positive reading indicates growth in the manufacturing sector. Economists had expected the index to show a much more modest drop to a reading of 20.0.
Paul Ashworth, Chief U.S. Economist at Capital Economic, said, “Overall, the manufacturing recovery appears to be losing a little momentum, but for now it is still the economy’s best performing sector.”
Negative sentiment has also been generated by news that IMF chief Dominique Strauss-Kahn was arrested in New York on Sunday on charges that he attempted to sexually assault a hotel maid.
Police said Strauss-Kahn has been charged with a criminal sexual act, attempted rape and unlawful imprisonment over an incident involving a 32-year-old maid at the luxury Sofitel near Times Square.
Strauss-Kahn’s arrest has added to recent concerns about the financial situation in Europe, where officials are meeting today to discuss Greece’s financing needs.
Meanwhile, shares of NYSE Euronext (NYX) have moved sharply lower in early trading on news that Nasdaq OMX (NDAQ) and IntercontinentalExchange (ICE) are withdrawing their joint proposal to acquire the NYSE, citing difficulty in receiving necessary regulatory approvals.
Home improvement products retailer Lowe’s (LOW) is also seeing early weakness after reporting below-consensus earnings and revenues for the first quarter and issuing lukewarm guidance for the full year.
While a majority of the major sectors have move to the downside, most are showing only modest downward moves. Moderate weakness is visible among networking, oil, and healthcare provider stocks.
On the other hand, gold and airline stocks have moved mostly higher in early trading, partly offsetting the weakness seen in the other sectors.
The major averages have not seen much follow-through on their initial downward move and are currently posting modest losses. The Dow is down 53.13 points or 0.4 percent at 12,542.62, the Nasdaq is down 12.56 points or 0.4 percent at 2,815.91 and the S&P 500 is down 3.83 points or 0.3 percent at 1,333.94.
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 traders reacting negatively to disappointing economic data
VANCOUVER, BC – (May 16, 2011) Clearlease Reports With traders reacting negatively to disappointing economic data as well as news of the arrest of the head of the International Monetary Fund, stocks are seeing moderate weakness in early trading on Monday. Selling pressure has remained subdued, however, limiting the downside for the markets.
The early weakness on Wall Street is partly due to the release of a report from the New York Federal Reserve showing a much bigger than expected slowdown in the pace of regional manufacturing growth in the month of May.
The New York Fed said its general business conditions index fell to 11.9 in May from 21.7 in April, although a positive reading indicates growth in the manufacturing sector. Economists had expected the index to show a much more modest drop to a reading of 20.0.
Paul Ashworth, Chief U.S. Economist at Capital Economic, said, “Overall, the manufacturing recovery appears to be losing a little momentum, but for now it is still the economy’s best performing sector.”
Negative sentiment has also been generated by news that IMF chief Dominique Strauss-Kahn was arrested in New York on Sunday on charges that he attempted to sexually assault a hotel maid.
Police said Strauss-Kahn has been charged with a criminal sexual act, attempted rape and unlawful imprisonment over an incident involving a 32-year-old maid at the luxury Sofitel near Times Square.
Strauss-Kahn’s arrest has added to recent concerns about the financial situation in Europe, where officials are meeting today to discuss Greece’s financing needs.
Meanwhile, shares of NYSE Euronext (NYX) have moved sharply lower in early trading on news that Nasdaq OMX (NDAQ) and IntercontinentalExchange (ICE) are withdrawing their joint proposal to acquire the NYSE, citing difficulty in receiving necessary regulatory approvals.
Home improvement products retailer Lowe’s (LOW) is also seeing early weakness after reporting below-consensus earnings and revenues for the first quarter and issuing lukewarm guidance for the full year.
While a majority of the major sectors have move to the downside, most are showing only modest downward moves. Moderate weakness is visible among networking, oil, and healthcare provider stocks.
On the other hand, gold and airline stocks have moved mostly higher in early trading, partly offsetting the weakness seen in the other sectors.
The major averages have not seen much follow-through on their initial downward move and are currently posting modest losses. The Dow is down 53.13 points or 0.4 percent at 12,542.62, the Nasdaq is down 12.56 points or 0.4 percent at 2,815.91 and the S&P 500 is down 3.83 points or 0.3 percent at 1,333.94.
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