Will Dax drop after Greek elections results?

According to exit polls Syriza gained from 35.5 to 39.5% in Greek elections. These results translate into 148-152 votes in Greek parliament (300 seats), so they are very close to gain majority. It can be a very tough news for most European Zone countries and for Equity markets in Europe.

EVEN with fact of weak usd it still can be tough ,Might be 1=1 usd by Q2

We will see how forex markets react on this news and we will be wiser then. I think that Merkel will have a serious headache tomorrow.

Quote from Tsipras speech after publishing exit polls:
“The verdict of the Greek people ends, beyond any doubt, the vicious circle of austerity in our country,” Tsipras said. “The verdict of the Greek people, your verdict, annuls today in an indisputable fashion the bailout agreements of austerity and disaster. The verdict of the Greek people renders the troika a thing of the past for our common European framework.”

Futures on S&P are dropping now 20 points (almost 1%), traded at 2026 level.

It seems that Europe is waiting and it needs serious impulse to push European equities down.