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Hilbroy Advisory: Asia stocks slip on Mideast tensions, oil up
Hilbroy Advisory: Asia stocks slip on Mideast tensions, oil up
Beijing's latest move to tighten policy in the form of banks' required reserve increases saw Shanghai and Hong Kong stocks take a tumble with lenders leading declines.
Montreal,
Quebec,
Canada
(prbd.net)
21/02/2011
Montreal, Quebec, February 18, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports : Oil prices jumped a dollar and Asian stocks slipped on Monday as spreading tensions in Libya and other oil-producing regions encouraged some profit taking after last week's solid gains.
Brent crude oil futures and U.S. crude futures both vaulted around $1/bbl to $103.50 and $87.31 per barrel respectively, while gold prices inched higher, adding to last week's gains of nearly 3 percent.
Anti-government protesters rallied in Tripoli's streets at the weekend, tribal leaders spoke out against leader Muammar Gaddafi, and army units defected to the opposition as oil exporter Libya endured one of the bloodiest revolts to convulse the Arab world.
Beijing's latest move to tighten policy in the form of banks' required reserve increases saw Shanghai and Hong Kong stocks take a tumble with lenders leading declines. .
The MSCI's index of Asia Pacific shares outside Japan eased by 0.3 percent after advancing 2.5 percent last week, its best weekly performance in two months.
"There are few buying or selling cues in the domestic market. Investors will likely stay alert to geopolitical news that could affect markets across the world," said Hikaru Sato, a senior technical analyst at Daiwa Securities Capital Market.
"The Middle East continues to be a focus, while there are concerns about China."
While some stock markets across the region have somewhat recovered after a sharp selloff in the opening weeks of 2011, analysts say selling pressure may intensify if tensions in the Middle East escalate further.
Asia-ex Japan equity funds saw the biggest weekly outflows in the second week of February since the first quarter of 2008, data from fund tracker EPFR Global showed.
Moreover, concerns that a breathtaking rally in U.S. stocks in recent weeks, which has boosted the region's developed markets such as Australia and Tokyo may be nearing a close, also weighed on sentiment.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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