Dominion Lending Centres Clearlease Reports US stock markets sharply lower amid growing European debt worries

Dominion Lending Centres Clearlease Reports US stock markets sharply lower amid growing European debt worries

VANCOUVER, BC (May 24, 2011) Clearlease Reports With little economic news coming out of the United States Monday May 23, 2011, Wall Street is panicking about Europe.

Stocks sank in midday trading Monday after warnings about the finances of several European countries stoked fears that the region’s debt crisis is worsening. The euro dipped briefly to its lowest level against the dollar in two months.

The Dow Jones industrial average fell 173 points, or 1.4 per cent, to 12,338 in midday trading. Stocks also fell broadly in Europe and Asia.

The Standard & Poor’s 500 index fell 20, or 1.5 per cent, to 1,313. The Nasdaq composite index fell 52, or 1.8 per cent, to 2,751.

Italy is the latest European country to be affected by the region’s widespread debt problems. Standard & Poor’s said Saturday that country was in danger of having its debt rating lowered if it could not reduce its public borrowing and improve economic growth.

The ratings agency lowered its outlook for Italy’s debt to negative from stable. That means there is a one-in-three chance that S&P would downgrade Italy’s debt rating in the next two years.

Fitch and Moody’s, the other two main ratings agencies, have said they see no reason to alter their outlook for Italy’s debt, which they say is stable. The S&P warning was enough to rattle European markets and cause investors to worry that Italy could join Greece, Portugal and Ireland on the list of countries with serious debt problems.

Financial markets in Europe closed sharply lower Monday. The FTSE 100 index of leading British shares fell 1.9 per cent. Germany’s DAX lost 2 per cent. The CAC-40 in France was 2 per cent lower.

Spain’s public finances are also worrying investors. Spain’s ruling Socialist party was roundly defeated in local elections, raising concerns that political instability would keep that country from enforcing spending cuts. The Ibex 35 index on the Madrid stock market fell nearly 2.

Concerns about the ability of the Spanish and Italian governments to control their debt come after a Friday debt downgrade for Greece that gave investors more reason to fear that country would need more help managing its debts following a $157 billion loan package it received last year.

The European Union’s top financial official urged Greece on Monday to sell more of the country’s holdings to give the market more faith that it is getting its debt under control.

The 10-year U.S. Treasury yield fell to 3.10 per cent, its lowest level this year. Bond yields fall when prices go up, so the drop is a sign that investors are clamouring for the safety of long-term U.S. debt.

Downgrades of European sovereign debt can shock world markets when they’re first announced. Recently, debt downgrades have had a short-term effect. Moody’s downgraded Spain’s on March 10. The Ibex 35 sank 1.3 per cent on the news, but recovered its losses within days.

S&P downgraded their debt outlook for the U.S. on April 17 from stable to negative, saying it could lower the country’s debt rating in the future. The warning blindsided markets, sending the Dow down 240 points in the morning. But it recovered the next day.

Another consequence of European debt problems: The dollar is up 0.8 per cent against an index of currencies. A stronger dollar makes U.S. products more expensive to other countries, and can hurt U.S. companies still recovering from the recession.

While stocks are reacting strongly to the weekend’s headlines, corporate debt yields are not dropping any more than government debt yields. If that were the case, it would signal that investors were growing more wary of risk. Because they’re not, the U.S. economy still hasn’t suffered damage, said Jack Ablin, chief investment officer at Harris Private Bank.

“There’s a short term perception of risk, but I’m not viewing it as necessarily lasting,” said Ablin.

Later this week, investors will get U.S. economic data to consider. The Commerce Department will report Tuesday on the number of new homes that were sold in April, helping investors gauge the state of the housing recession.

On Thursday, the Commerce Department will release its revised estimate for how much the economy grew in the first quarter. The GDP number is expected to be revised upward from its initial 1.8 per cent. Investors will be watching to see how much the rising cost of oil and raw materials has hampered spending by corporations and consumers.

On Friday, the Commerce Department’s report on personal income and spending in April will help investors gauge how pricier gas has affected how much families spend on other things.

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: clearlease@gmail.com
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 US stock markets sharply lower amid growing European debt worries

VANCOUVER, BC (May 24, 2011) Clearlease Reports With little economic news coming out of the United States Monday May 23, 2011, Wall Street is panicking about Europe.

Stocks sank in midday trading Monday after warnings about the finances of several European countries stoked fears that the region’s debt crisis is worsening. The euro dipped briefly to its lowest level against the dollar in two months.

The Dow Jones industrial average fell 173 points, or 1.4 per cent, to 12,338 in midday trading. Stocks also fell broadly in Europe and Asia.

The Standard & Poor’s 500 index fell 20, or 1.5 per cent, to 1,313. The Nasdaq composite index fell 52, or 1.8 per cent, to 2,751.

Italy is the latest European country to be affected by the region’s widespread debt problems. Standard & Poor’s said Saturday that country was in danger of having its debt rating lowered if it could not reduce its public borrowing and improve economic growth.

The ratings agency lowered its outlook for Italy’s debt to negative from stable. That means there is a one-in-three chance that S&P would downgrade Italy’s debt rating in the next two years.

Fitch and Moody’s, the other two main ratings agencies, have said they see no reason to alter their outlook for Italy’s debt, which they say is stable. The S&P warning was enough to rattle European markets and cause investors to worry that Italy could join Greece, Portugal and Ireland on the list of countries with serious debt problems.

Financial markets in Europe closed sharply lower Monday. The FTSE 100 index of leading British shares fell 1.9 per cent. Germany’s DAX lost 2 per cent. The CAC-40 in France was 2 per cent lower.

Spain’s public finances are also worrying investors. Spain’s ruling Socialist party was roundly defeated in local elections, raising concerns that political instability would keep that country from enforcing spending cuts. The Ibex 35 index on the Madrid stock market fell nearly 2.

Concerns about the ability of the Spanish and Italian governments to control their debt come after a Friday debt downgrade for Greece that gave investors more reason to fear that country would need more help managing its debts following a $157 billion loan package it received last year.

The European Union’s top financial official urged Greece on Monday to sell more of the country’s holdings to give the market more faith that it is getting its debt under control.

The 10-year U.S. Treasury yield fell to 3.10 per cent, its lowest level this year. Bond yields fall when prices go up, so the drop is a sign that investors are clamouring for the safety of long-term U.S. debt.

Downgrades of European sovereign debt can shock world markets when they’re first announced. Recently, debt downgrades have had a short-term effect. Moody’s downgraded Spain’s on March 10. The Ibex 35 sank 1.3 per cent on the news, but recovered its losses within days.

S&P downgraded their debt outlook for the U.S. on April 17 from stable to negative, saying it could lower the country’s debt rating in the future. The warning blindsided markets, sending the Dow down 240 points in the morning. But it recovered the next day.

Another consequence of European debt problems: The dollar is up 0.8 per cent against an index of currencies. A stronger dollar makes U.S. products more expensive to other countries, and can hurt U.S. companies still recovering from the recession.

While stocks are reacting strongly to the weekend’s headlines, corporate debt yields are not dropping any more than government debt yields. If that were the case, it would signal that investors were growing more wary of risk. Because they’re not, the U.S. economy still hasn’t suffered damage, said Jack Ablin, chief investment officer at Harris Private Bank.

“There’s a short term perception of risk, but I’m not viewing it as necessarily lasting,” said Ablin.

Later this week, investors will get U.S. economic data to consider. The Commerce Department will report Tuesday on the number of new homes that were sold in April, helping investors gauge the state of the housing recession.

On Thursday, the Commerce Department will release its revised estimate for how much the economy grew in the first quarter. The GDP number is expected to be revised upward from its initial 1.8 per cent. Investors will be watching to see how much the rising cost of oil and raw materials has hampered spending by corporations and consumers.

On Friday, the Commerce Department’s report on personal income and spending in April will help investors gauge how pricier gas has affected how much families spend on other things.

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: clearlease@gmail.com
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 US stock markets sharply lower amid growing European debt worries

VANCOUVER, BC (May 24, 2011) Clearlease Reports With little economic news coming out of the United States Monday May 23, 2011, Wall Street is panicking about Europe.

Stocks sank in midday trading Monday after warnings about the finances of several European countries stoked fears that the region’s debt crisis is worsening. The euro dipped briefly to its lowest level against the dollar in two months.

The Dow Jones industrial average fell 173 points, or 1.4 per cent, to 12,338 in midday trading. Stocks also fell broadly in Europe and Asia.

The Standard & Poor’s 500 index fell 20, or 1.5 per cent, to 1,313. The Nasdaq composite index fell 52, or 1.8 per cent, to 2,751.

Italy is the latest European country to be affected by the region’s widespread debt problems. Standard & Poor’s said Saturday that country was in danger of having its debt rating lowered if it could not reduce its public borrowing and improve economic growth.

The ratings agency lowered its outlook for Italy’s debt to negative from stable. That means there is a one-in-three chance that S&P would downgrade Italy’s debt rating in the next two years.

Fitch and Moody’s, the other two main ratings agencies, have said they see no reason to alter their outlook for Italy’s debt, which they say is stable. The S&P warning was enough to rattle European markets and cause investors to worry that Italy could join Greece, Portugal and Ireland on the list of countries with serious debt problems.

Financial markets in Europe closed sharply lower Monday. The FTSE 100 index of leading British shares fell 1.9 per cent. Germany’s DAX lost 2 per cent. The CAC-40 in France was 2 per cent lower.

Spain’s public finances are also worrying investors. Spain’s ruling Socialist party was roundly defeated in local elections, raising concerns that political instability would keep that country from enforcing spending cuts. The Ibex 35 index on the Madrid stock market fell nearly 2.

Concerns about the ability of the Spanish and Italian governments to control their debt come after a Friday debt downgrade for Greece that gave investors more reason to fear that country would need more help managing its debts following a $157 billion loan package it received last year.

The European Union’s top financial official urged Greece on Monday to sell more of the country’s holdings to give the market more faith that it is getting its debt under control.

The 10-year U.S. Treasury yield fell to 3.10 per cent, its lowest level this year. Bond yields fall when prices go up, so the drop is a sign that investors are clamouring for the safety of long-term U.S. debt.

Downgrades of European sovereign debt can shock world markets when they’re first announced. Recently, debt downgrades have had a short-term effect. Moody’s downgraded Spain’s on March 10. The Ibex 35 sank 1.3 per cent on the news, but recovered its losses within days.

S&P downgraded their debt outlook for the U.S. on April 17 from stable to negative, saying it could lower the country’s debt rating in the future. The warning blindsided markets, sending the Dow down 240 points in the morning. But it recovered the next day.

Another consequence of European debt problems: The dollar is up 0.8 per cent against an index of currencies. A stronger dollar makes U.S. products more expensive to other countries, and can hurt U.S. companies still recovering from the recession.

While stocks are reacting strongly to the weekend’s headlines, corporate debt yields are not dropping any more than government debt yields. If that were the case, it would signal that investors were growing more wary of risk. Because they’re not, the U.S. economy still hasn’t suffered damage, said Jack Ablin, chief investment officer at Harris Private Bank.

“There’s a short term perception of risk, but I’m not viewing it as necessarily lasting,” said Ablin.

Later this week, investors will get U.S. economic data to consider. The Commerce Department will report Tuesday on the number of new homes that were sold in April, helping investors gauge the state of the housing recession.

On Thursday, the Commerce Department will release its revised estimate for how much the economy grew in the first quarter. The GDP number is expected to be revised upward from its initial 1.8 per cent. Investors will be watching to see how much the rising cost of oil and raw materials has hampered spending by corporations and consumers.

On Friday, the Commerce Department’s report on personal income and spending in April will help investors gauge how pricier gas has affected how much families spend on other things.

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: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



Site Map | Privacy Policy | XML Sitemap | Terms of Use | Equipment Lease Financing RSS Feed

© Copyright 2015 - Clearlease.com - Independently Owned & Operated
All trademarks are the property of their respective owners. All Rights Reserved.
This is not a commitment to lend. Home mortgages are subject to underwriting review and approval. This is a free no obligation service.
Yahoo®, Google®, Bing ® are trademarks of their respective owners.
REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
The MLS® is a Trademark of Multiple Listing Service, Inc.
All Commercial Mortgage and Residential Mortgage Loan Applications are processed by Dominion Lending Centres Commercial Capital Inc.
DLC® is a Trademark of Dominion Lending Centres, Inc.
All Automobile Loan & Lease Applications are funded by the Funder.
No part of this content, data or information included herein may be reproduced, republished or redistributed.


Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver
Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver