Dominion Lending Centres Clearlease Reports World shares dragged down by slackening oil demand, Wall Street fall

Dominion Lending Centres Clearlease Reports World shares dragged down by slackening oil demand, Wall Street fall

VANCOUVER, BC – (May 12, 2011) Clearlease Reports World share markets sank Thursday after a slide on Wall Street sparked by tumbling demand for oil and fears of slackening growth in the U.S.

Oil prices hovered near $98 a barrel, continuing two weeks of volatile sea-saw trading. The dollar was up against the yen and the euro.

European shares were lower in early trading. Britain’s FTSE 100 fell 0.9 per cent to 5,924.76, while Germany’s DAX dropped 1.1 per cent to 7,416.21. France’s CAC-40 lost 1.1 per cent to 4,013.45.

U.S. futures pointed to a lower opening on Wall Street, with Dow Jones industrial futures down 60 points to 12,533 and S&P 500 futures losing 7.7 points to 1,331.

Stocks fared no better in Asia. Japan’s Nikkei 225 index sank 1.5 per cent to close at 9,716.65. South Korea’s Kospi slid 2 per cent to 2,122.65, and Hong Kong’s Hang Seng lost 0.9 per cent to 23,073.76. Australia’s S&P/ASX 200 was off 1.8 per cent at 4,696.10. Benchmarks in Singapore and Indonesia were also lower, while those in Taiwan and Malaysia rose.

Toyota Motor Corp., the world’s largest automaker, jumped 3.1 per cent a day after the company said its efforts to restore full production after a devastating earthquake and tsunami on March 11 were going better than expected.

But a strengthening yen hurt other exporters. Sony Corp. lost 1.9 per cent and Sharp Corp. dipped 1.7 per cent. Both Canon Inc. and Panasonic Inc. slipped 1.3 per cent.

Energy shares suffered declines after crude oil fell 4 per cent to below $100 a barrel on Wednesday and extended its losses on Thursday. Inpex Corp., Japan’s largest energy explorer, drooped 3.6 per cent. PetroChina Co. Ltd., the publicly traded unit of China’s biggest oil and gas company, lost 1.3 per cent. BHP Billiton Ltd., the world’s biggest mining company, fell 2.6 per cent after prices of metals used in manufacturing, like copper, sank.

Mainland Chinese shares extended losses as investors fretted over the economic outlook, after industry figures showed auto sales declined for the first time in more than two years in April.

The benchmark Shanghai Composite Index lost 1.4 per cent to 2,844.08, and the Shenzhen Composite Index of China’s smaller, second exchange fell 1.4 per cent to 1,194.88.

Shares in electricity generators were higher while those in nonferrous metals and gold miners weakened after gold futures fell overnight on the New York Mercantile Exchange.

“Manufacturing might be affected by the domestic auto market’s first negative growth in 27 months in April,” said Yang Yining, an analyst at Capital-edge Investment & Management Co. Ltd., based in Shanghai.

“The market might remain volatile and investors prefer to wait and see what happens,” Yang said.

In the U.S., demand for gasoline fell by the largest amount in seven weeks, the Energy Information Administration said Wednesday, a signal that consumers are conserving money. A drop in consumer and business spending could hurt corporate earnings and halt a rally that has sent U.S. stock markets up 7 per cent this year.

The fall in demand for gas means that traders will take a close look at Thursday’s weekly report on first-time applications for unemployment benefits. If they rise, that could indicate companies are cutting back in other areas as well.

Wall Street fell broadly, a sign of uncertainty about the U.S. economic recovery. The Dow lost 1 per cent to close at 12,630.03. The S&P 500 fell 1.1 per cent to 1,342.08. The Nasdaq composite lost 0.9 per cent to 2,845.06.

Benchmark crude for June delivery was down $1.25 to $96.96 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $5.67 to settle at $98.21 on Wednesday.

In currencies, the euro slipped to $1.4194 from $1.4196 late Wednesday. It was worth more than $1.49 just one week ago. The greenback rose to 81.01 yen from 80.97 yen.

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 World shares dragged down by slackening oil demand, Wall Street fall

VANCOUVER, BC – (May 12, 2011) Clearlease Reports World share markets sank Thursday after a slide on Wall Street sparked by tumbling demand for oil and fears of slackening growth in the U.S.

Oil prices hovered near $98 a barrel, continuing two weeks of volatile sea-saw trading. The dollar was up against the yen and the euro.

European shares were lower in early trading. Britain’s FTSE 100 fell 0.9 per cent to 5,924.76, while Germany’s DAX dropped 1.1 per cent to 7,416.21. France’s CAC-40 lost 1.1 per cent to 4,013.45.

U.S. futures pointed to a lower opening on Wall Street, with Dow Jones industrial futures down 60 points to 12,533 and S&P 500 futures losing 7.7 points to 1,331.

Stocks fared no better in Asia. Japan’s Nikkei 225 index sank 1.5 per cent to close at 9,716.65. South Korea’s Kospi slid 2 per cent to 2,122.65, and Hong Kong’s Hang Seng lost 0.9 per cent to 23,073.76. Australia’s S&P/ASX 200 was off 1.8 per cent at 4,696.10. Benchmarks in Singapore and Indonesia were also lower, while those in Taiwan and Malaysia rose.

Toyota Motor Corp., the world’s largest automaker, jumped 3.1 per cent a day after the company said its efforts to restore full production after a devastating earthquake and tsunami on March 11 were going better than expected.

But a strengthening yen hurt other exporters. Sony Corp. lost 1.9 per cent and Sharp Corp. dipped 1.7 per cent. Both Canon Inc. and Panasonic Inc. slipped 1.3 per cent.

Energy shares suffered declines after crude oil fell 4 per cent to below $100 a barrel on Wednesday and extended its losses on Thursday. Inpex Corp., Japan’s largest energy explorer, drooped 3.6 per cent. PetroChina Co. Ltd., the publicly traded unit of China’s biggest oil and gas company, lost 1.3 per cent. BHP Billiton Ltd., the world’s biggest mining company, fell 2.6 per cent after prices of metals used in manufacturing, like copper, sank.

Mainland Chinese shares extended losses as investors fretted over the economic outlook, after industry figures showed auto sales declined for the first time in more than two years in April.

The benchmark Shanghai Composite Index lost 1.4 per cent to 2,844.08, and the Shenzhen Composite Index of China’s smaller, second exchange fell 1.4 per cent to 1,194.88.

Shares in electricity generators were higher while those in nonferrous metals and gold miners weakened after gold futures fell overnight on the New York Mercantile Exchange.

“Manufacturing might be affected by the domestic auto market’s first negative growth in 27 months in April,” said Yang Yining, an analyst at Capital-edge Investment & Management Co. Ltd., based in Shanghai.

“The market might remain volatile and investors prefer to wait and see what happens,” Yang said.

In the U.S., demand for gasoline fell by the largest amount in seven weeks, the Energy Information Administration said Wednesday, a signal that consumers are conserving money. A drop in consumer and business spending could hurt corporate earnings and halt a rally that has sent U.S. stock markets up 7 per cent this year.

The fall in demand for gas means that traders will take a close look at Thursday’s weekly report on first-time applications for unemployment benefits. If they rise, that could indicate companies are cutting back in other areas as well.

Wall Street fell broadly, a sign of uncertainty about the U.S. economic recovery. The Dow lost 1 per cent to close at 12,630.03. The S&P 500 fell 1.1 per cent to 1,342.08. The Nasdaq composite lost 0.9 per cent to 2,845.06.

Benchmark crude for June delivery was down $1.25 to $96.96 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $5.67 to settle at $98.21 on Wednesday.

In currencies, the euro slipped to $1.4194 from $1.4196 late Wednesday. It was worth more than $1.49 just one week ago. The greenback rose to 81.01 yen from 80.97 yen.

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 World shares dragged down by slackening oil demand, Wall Street fall

VANCOUVER, BC – (May 12, 2011) Clearlease Reports World share markets sank Thursday after a slide on Wall Street sparked by tumbling demand for oil and fears of slackening growth in the U.S.

Oil prices hovered near $98 a barrel, continuing two weeks of volatile sea-saw trading. The dollar was up against the yen and the euro.

European shares were lower in early trading. Britain’s FTSE 100 fell 0.9 per cent to 5,924.76, while Germany’s DAX dropped 1.1 per cent to 7,416.21. France’s CAC-40 lost 1.1 per cent to 4,013.45.

U.S. futures pointed to a lower opening on Wall Street, with Dow Jones industrial futures down 60 points to 12,533 and S&P 500 futures losing 7.7 points to 1,331.

Stocks fared no better in Asia. Japan’s Nikkei 225 index sank 1.5 per cent to close at 9,716.65. South Korea’s Kospi slid 2 per cent to 2,122.65, and Hong Kong’s Hang Seng lost 0.9 per cent to 23,073.76. Australia’s S&P/ASX 200 was off 1.8 per cent at 4,696.10. Benchmarks in Singapore and Indonesia were also lower, while those in Taiwan and Malaysia rose.

Toyota Motor Corp., the world’s largest automaker, jumped 3.1 per cent a day after the company said its efforts to restore full production after a devastating earthquake and tsunami on March 11 were going better than expected.

But a strengthening yen hurt other exporters. Sony Corp. lost 1.9 per cent and Sharp Corp. dipped 1.7 per cent. Both Canon Inc. and Panasonic Inc. slipped 1.3 per cent.

Energy shares suffered declines after crude oil fell 4 per cent to below $100 a barrel on Wednesday and extended its losses on Thursday. Inpex Corp., Japan’s largest energy explorer, drooped 3.6 per cent. PetroChina Co. Ltd., the publicly traded unit of China’s biggest oil and gas company, lost 1.3 per cent. BHP Billiton Ltd., the world’s biggest mining company, fell 2.6 per cent after prices of metals used in manufacturing, like copper, sank.

Mainland Chinese shares extended losses as investors fretted over the economic outlook, after industry figures showed auto sales declined for the first time in more than two years in April.

The benchmark Shanghai Composite Index lost 1.4 per cent to 2,844.08, and the Shenzhen Composite Index of China’s smaller, second exchange fell 1.4 per cent to 1,194.88.

Shares in electricity generators were higher while those in nonferrous metals and gold miners weakened after gold futures fell overnight on the New York Mercantile Exchange.

“Manufacturing might be affected by the domestic auto market’s first negative growth in 27 months in April,” said Yang Yining, an analyst at Capital-edge Investment & Management Co. Ltd., based in Shanghai.

“The market might remain volatile and investors prefer to wait and see what happens,” Yang said.

In the U.S., demand for gasoline fell by the largest amount in seven weeks, the Energy Information Administration said Wednesday, a signal that consumers are conserving money. A drop in consumer and business spending could hurt corporate earnings and halt a rally that has sent U.S. stock markets up 7 per cent this year.

The fall in demand for gas means that traders will take a close look at Thursday’s weekly report on first-time applications for unemployment benefits. If they rise, that could indicate companies are cutting back in other areas as well.

Wall Street fell broadly, a sign of uncertainty about the U.S. economic recovery. The Dow lost 1 per cent to close at 12,630.03. The S&P 500 fell 1.1 per cent to 1,342.08. The Nasdaq composite lost 0.9 per cent to 2,845.06.

Benchmark crude for June delivery was down $1.25 to $96.96 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $5.67 to settle at $98.21 on Wednesday.

In currencies, the euro slipped to $1.4194 from $1.4196 late Wednesday. It was worth more than $1.49 just one week ago. The greenback rose to 81.01 yen from 80.97 yen.

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

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