The international markets came under pressure – disappointing Chinese trade figures raised new concerns about the pace of economic growth in China, which is the world’s second-biggest economy. European bank stocks were under pressure with investors cautious about Greece. Its new Prime Minister laid out plans Sunday to get rid of Greece’s austerity program and and pledged to reverse some of the reforms imposed Greece by its international lenders. That sets him on a collision course with his European partners. As one strategist put it, the risk of Greece leaving the Eurozone is now higher than ever. Checking oil futures.. Brent is down to around $57 dollars a-barrel. Turning to our stocks of the day.. Hasbro set to report results for Q4 – ticker symbol HAS – the expectation is for $1.21 per share on revenue of $1.33 billion. Diversified holding company Loews Corp – ticker symbol L – posted Q4 results of 55 cents a-share – that’s better than expected. And it compares to a loss of 51 cents a share in the year ago. Loews is a hotel, energy and financial services conglomerate.
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