Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.
Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.
The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.
The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.
High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.
In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.
Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.
While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.
The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.
While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.
The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.
The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.
Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.
“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”
The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.
If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.
Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.
“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.
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 Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.
Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.
The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.
The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.
High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.
In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.
Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.
While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.
The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.
While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.
The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.
The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.
Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.
“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”
The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.
If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.
Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.
“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.
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 Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.
Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.
The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.
The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.
High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.
In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.
Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.
While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.
The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.
While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.
The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.
The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.
Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.
“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”
The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.
If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.
Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.
“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.
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
###