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Hilbroy Advisory: World shares fall amid ongoing Libya fighting
Hilbroy Advisory: World shares fall amid ongoing Libya fighting
Chinese shares fell on expectations that February inflation data due out Friday would be lower than the previous month but still higher than the government's 4 percent target.
Montreal,
Quebec,
Canada
(prbd.net)
11/03/2011
Montreal, Quebec, March 10, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: World shares fell Thursday, weighed down by ongoing fighting in Libya and a larger than expected contraction in Japan's economy.
Traders are keeping a wary eye on oil prices, which have been driven higher during weeks of anti-government unrest that has shut down most of Libya's 1.6 million barrels per day of crude production.
"Oil prices now are the major concern in the market," said Jackson Wong, a vice president at Tanrich Securities.
Benchmark crude for April delivery rose 37 cents to $104.75 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent crude for April delivery was up 16 cents to $116.10 a barrel on the ICE Futures exchange. Sustained higher oil prices could put a damper on the economic recovery by adding to costs for businesses. The dollar was higher against the yen and the euro.
In early European trade, France's CAC-40 edged 0.9 percent lower to 3,957.90, Britain's FTSE 100 dipped 0.6 percent to 5,897.93 and Germany's DAX lost 0.8 percent to 7,074.90.
Wall Street was poised to extend Wednesday's losses, with Dow futures down 70 points at 12,104.00. Broader S&P futures lost 9.5 points to 1,305.90.
In Asia, Japan's Nikkei 225 stock average ended 1.4 percent lower at 10,434.38 after the government said the economy shrank 1.3 percent in the fourth quarter. That's more than preliminary data last month suggested. Toyota Motor Corp. tumbled 1.7 percent, and major bank Mitsubishi UFJ Financial Group Inc. fell 1.6 percent.
Chinese shares fell on expectations that February inflation data due out Friday would be lower than the previous month but still higher than the government's 4 percent target.
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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