US STOCKS-Futures point to flat open after Greek elections

lunes 26 de enero de 2015 10:03 GYT
 

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By Ryan Vlastelica

NEW YORK, Jan 26 (Reuters) - U.S. stock index futures pointed to a flat open Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, though the possibility of Greece leaving the bloc was considered remote.

The leftist Syriza party looked set to take on Greece's international lenders, with leader Alexis Tsipras pledging to end five years of austerity and renegotiate Greece's debt agreements. Investors were concerned that potential conflicts with other euro zone governments could put more strain on the currency bloc.

While Greece is a relatively small economy that the United States has limited direct exposure to, extended volatility in the region could hurt multinational companies. Separately, if the euro continues to weaken against the dollar, that could be a headwind for earnings.

European shares were volatile after the election, falling as much as 0.4 percent before rising by 0.5 percent. They last traded up 0.2 percent. U.S.-listed shares of the National Bank of Greece fell 6.5 percent to $1.57 in premarket trading.

Last week's larger-than-expected stimulus program announced by the European Central Bank could offset some concerns over Greece. Hopes a compromise may be reached between Athens and its lenders, keeping Greece in the euro zone, may also support sentiment.   Continuación...