Stocks are near unchanged after recovering early losses related to international news. Greece and the European Union are in a standoff about how to handle emergency aid after a Greek election tossed out austerity proponents and installed a left wing government which is threatening an exit from the Euro. China's export numbers were very weak and its imports fell hard as well. The Ukraine conflict is a biggest geopolitical threat to markets today with Russian backed insurgents taking control of large blocks of Eastern Ukraine. Oil is up slightly. OPEC lowered its estimates of foreign oil supply with many US oil platforms going offline because of lower prices. Gold is showing mild gains in early going. It looks like a quiet day with little economic data. Profit taking might continue after last week's robust rally.
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