European Market Update: Risk appetite buoyed by reports that private lenders said to have accepted lower interest rate in Greek PSI deal

***Economic Data*** - (EU) ECB: #8364;3.5B borrowed in overnight loan facility v #8364;3.6B prior; #8364;484.1B parked in deposit facility vs. #8364;485.8B prior - (RU) Russia Gold Forex Reserve w/e Jan 20th: $499.7B v $497.1B prior - (DE) ......