Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session. The major averages are lingering hear the unchanged line after ending Monday’s trading nearly flat.
The choppy trading comes as traders weigh an interest rate hike in China and a credit rating downgrade for Portugal against continued activity on the merger-and-acquisition front.
Reflecting concerns about inflation, the Bank of China said its benchmark one-year lending rate will be increased to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.
On the economic front in the U.S., the Institute for Supply Management is scheduled to release its report on service sector activity in the month of March at 10 am ET.
Economists expect the ISM’s index of service sector activity to come in unchanged from the previous month at 59.7, with a reading above 50 indicating growth in the sector.
Additionally, the Federal Reserve is due to release the minutes of its March meeting at about 2 pm ET, with the minutes likely to shed some light on the outlook for monetary policy.
In corporate news, shares of National Semiconductor (NSM) could see early strength after the chip maker agreed to be acquired by Texas Instruments (TXN) for $25 per share in an all-cash transaction of about $6.5 billion.
The offer price represents a 78 percent premium to National Semiconductor’s closing price on Monday. The companies said that the transaction is expected to close in six to nine months.
Diamond Foods (DMND) also announced that it has signed an agreement to acquire Procter & Gamble’s (PG) Pringles chips business for about $1.5 billion in Diamond common stock plus the assumption of $850 million of Pringles debt.
Most of the major sectors are showing only modest moves, although considerable strength has emerged among semiconductor stocks. National Semiconductor is leading the sector higher on the acquisition news, surging up by 71.1 percent.
On the other hand, housing, health insurance, and brokerage stocks are seeing early weakness, although selling pressure remains relatively subdued.
The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 1.50 points or 0.1 percent at 2,790.69, the Dow is down 15.74 points or 0.1 percent at 12,384.29 and the S&P 500 is down 1.18 points or 0.1 percent at 1,331.69.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session. The major averages are lingering hear the unchanged line after ending Monday’s trading nearly flat.
The choppy trading comes as traders weigh an interest rate hike in China and a credit rating downgrade for Portugal against continued activity on the merger-and-acquisition front.
Reflecting concerns about inflation, the Bank of China said its benchmark one-year lending rate will be increased to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.
On the economic front in the U.S., the Institute for Supply Management is scheduled to release its report on service sector activity in the month of March at 10 am ET.
Economists expect the ISM’s index of service sector activity to come in unchanged from the previous month at 59.7, with a reading above 50 indicating growth in the sector.
Additionally, the Federal Reserve is due to release the minutes of its March meeting at about 2 pm ET, with the minutes likely to shed some light on the outlook for monetary policy.
In corporate news, shares of National Semiconductor (NSM) could see early strength after the chip maker agreed to be acquired by Texas Instruments (TXN) for $25 per share in an all-cash transaction of about $6.5 billion.
The offer price represents a 78 percent premium to National Semiconductor’s closing price on Monday. The companies said that the transaction is expected to close in six to nine months.
Diamond Foods (DMND) also announced that it has signed an agreement to acquire Procter & Gamble’s (PG) Pringles chips business for about $1.5 billion in Diamond common stock plus the assumption of $850 million of Pringles debt.
Most of the major sectors are showing only modest moves, although considerable strength has emerged among semiconductor stocks. National Semiconductor is leading the sector higher on the acquisition news, surging up by 71.1 percent.
On the other hand, housing, health insurance, and brokerage stocks are seeing early weakness, although selling pressure remains relatively subdued.
The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 1.50 points or 0.1 percent at 2,790.69, the Dow is down 15.74 points or 0.1 percent at 12,384.29 and the S&P 500 is down 1.18 points or 0.1 percent at 1,331.69.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stocks are once again showing a lack of direction in early trading on Tuesday after turning in a lackluster performance throughout the previous session. The major averages are lingering hear the unchanged line after ending Monday’s trading nearly flat.
The choppy trading comes as traders weigh an interest rate hike in China and a credit rating downgrade for Portugal against continued activity on the merger-and-acquisition front.
Reflecting concerns about inflation, the Bank of China said its benchmark one-year lending rate will be increased to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.
On the economic front in the U.S., the Institute for Supply Management is scheduled to release its report on service sector activity in the month of March at 10 am ET.
Economists expect the ISM’s index of service sector activity to come in unchanged from the previous month at 59.7, with a reading above 50 indicating growth in the sector.
Additionally, the Federal Reserve is due to release the minutes of its March meeting at about 2 pm ET, with the minutes likely to shed some light on the outlook for monetary policy.
In corporate news, shares of National Semiconductor (NSM) could see early strength after the chip maker agreed to be acquired by Texas Instruments (TXN) for $25 per share in an all-cash transaction of about $6.5 billion.
The offer price represents a 78 percent premium to National Semiconductor’s closing price on Monday. The companies said that the transaction is expected to close in six to nine months.
Diamond Foods (DMND) also announced that it has signed an agreement to acquire Procter & Gamble’s (PG) Pringles chips business for about $1.5 billion in Diamond common stock plus the assumption of $850 million of Pringles debt.
Most of the major sectors are showing only modest moves, although considerable strength has emerged among semiconductor stocks. National Semiconductor is leading the sector higher on the acquisition news, surging up by 71.1 percent.
On the other hand, housing, health insurance, and brokerage stocks are seeing early weakness, although selling pressure remains relatively subdued.
The major averages are currently turning in a mixed performance, with the Nasdaq posting a modest gain. While the Nasdaq is up 1.50 points or 0.1 percent at 2,790.69, the Dow is down 15.74 points or 0.1 percent at 12,384.29 and the S&P 500 is down 1.18 points or 0.1 percent at 1,331.69.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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