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US Market Update TRADETHENEWS.COM STAFF US Mid Session Update: Greece Elections Shake Up Europe   
Mon, 26 Jan 11:29 AM EST/04:29 PM GMT
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Economic Data
- (TR) Turkey Jan Real Sector Confidence (Seasonally Adj): 106.8 v 108.8 prior; Real Sector Confidence NSA: 103.2 v 101.2 prior
- (TR) Turkey Jan Capacity Utilization: 73.7 v 74.6% prior
- (RU) Russia Dec Industrial Production Y/Y: 3.9% v 0.8%e
- (IL) Israel Central Bank left Base Rate unchanged at 0.25%, as expected
- (MX) Mexico Nov Retail Sales M/M: 0.8% v -0.1% prior; Y/Y: 1.2% v 3.7%e
- (US) Jan Dallas Fed Manufacturing Activity: -4.4 v 3.2e

US equity markets are under a bit of pressure this morning as the S&P500 continues to back off its January intraday high seen on Friday. Talk about Syriza's big win in Sunday's Greek parliamentary elections and the storm bearing down on the US East Coast are dominating headlines this morning. As of writing, the DJIA is down 0.16%, the S&P500 is flat and the Nasdaq is down 0.10%.

The events in Greece are under the microscope this morning. European finance ministers have reiterated their non-committal stances regarding Syriza's demands for renegotiation, but the consensus seems to be that the EU is open to extension of debt terms and easing reform requirements. The unanswered question is what Syriza will finally ask for. Note that the Independent Greece coalition party, while more conservative than left-wing Syriza, is just as uncompromising in its demands for renegotiation. EUR/USD bottomed out around 1.1100 post-election and has moved back up to around 1.1260 as of writing. ...
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