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HILBROY ADVISORY END OF THE DAY MARKET WRAP UP

06-03-2011 08:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: HilbroyAdvisory, Inc.

Montreal, Quebec, June01st, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) End of the day, Market wrap up.

The major market averages finished near their worst levels of the session, with all three losing close to 2.3%. Equities were knocked lower following this morning's disappointing data as both the ADP Employment report and ISM Index fell short of expectations. Selling continued over the course of the session with stocks moving to their worst levels of the day following a late downgrade of Greek debt by Moody's. The rating agency announced it was dropping the rating of Greek debt to Caa1 from B1, and assigned a negative outlook.

The euro slipped to its worst levels of the day following the Greek downgrade, and ended the U.S. session down 70 pips to near 1.4325.

Treasuries were a favorite among market players as buying across the complex ran maturities to their best levels since early December. Today's rally dropped the 10-yr yield below 3.00% for the first time since December 6, and when it was all said and done the benchmark yield ended at 2.966%. As traders moved more aggressively into the longer dated paper the 2-10-yr spread flattened to 251.1.

Financial shares lagged the broader market, and were the worst performing sector within the S&P 500. As a whole the group lost 3.5% with heavyweights Wells Fargo (WFC 26.94, -1.43) and Bank of America (BAC 11.24, -0.50) under pressure all session long. Regional banks Sun Trust Banks (STI 26.32, -1.81) and Regions Financial (RF 6.54, -0.52) also saw heavy losses.

Microsoft (MSFT 24.43, -0.58) was back in the headlines today on reports that the company was set to purchase the phone business of Nokia (NOK 6.69, -0.33) for $19 billion. The report by technology blog Boy Genius was later denied by a Nokia spokesperson who said it was "100% baseless." Nonetheless, both stocks saw heavy volume on the session.

Gold miners were among the best performing stocks for most of the session as the yellow metal climbed above $1550 per ounce earlier this morning. A sell off in precious metals following the pit close pushed most of the miners into negative territory. Large miners like Barrick Gold (ABX 47.28, -0.48) and Newmont Mining (NEM 55.67, -0.90) underperformed some of the smaller ones like Agnico-Eagle Mines (AEM 64.32, -0.38) and Kinross Gold (KGC 15.75, +0.03).

Utilities outperformed the broader market, posting a loss of 1.1% for the day. None of the stocks in the S&P 500 Utilities Index closed in positive territory. Other "defensive" sectors outperformed with health care and telecom each losing 1.4%.
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.

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.

1400 rue Begin

Montreal, QC H4R 1X1

info@hilbroyadvisory.com

http://www.hilbroyadvisory.com

514-334-3131

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