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Financial Markets Closing

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World:
Germany’s Bundesbank stepped up criticism of the ECB’s bond-buying program, citing its significant stability risks.
Belize was unable to make $23 million bond payment due today.
U.S. Bancorp upgraded by S&P to A+ from A on outperforming competitors.

Equities:
DJIA: 13,271 (-0.03%)
S&P500: 1,418 (0%)
Nasdaq: 3,076 (-0.01%)
EuroStoxx: -0.20%
Nikkei: +0.86%
Hang Seng: +0.71%

Lowe’s missed expectations, with an EPS of $0.65 vs. street’s estimate of $0.70 and revenue of $14.25 billion vs. estimate of $14.44 billion. The miss was cited to potentially be from the company offering fewer promotions due to its “everyday low price” model, and unseasonably warm weather pulling demand into Q1. The company cut its EPS guidance for the year to $1.64. It previously saw $1.73-$1.83, with the street estimating $1.80.

Commodities:
WTI Crude: 95.97 (-0.04%)
Nat Gas: +2.09%
Copper: -1.43%
Corn: +2.04%  One-year High

FX:
EURUSD: 1.2346 (0%)
DXY Dollar Index: 82.486 (-0.13%)

Rates:
U.S. 10y: 1.8053% (-0.5bp)
German 10y: 1.509% (+1bp)
Spanish 10y: 6.282% (-16bp)
Italian 10y: 5.773% (-1bp)

 

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Kris Corbett

received a Masters degree in May 2010 from New York University in International Relations. Kris attained her Bachelor's degree from Pennsylvania State University in the 2004. In 2006, she moved from Scranton, PA to Manhattan where she currently works for a private equity firm.