U.S. stock index futures pointed to a lower open for the quarter after Greece said it will miss its deficit targets for the year, raising new doubts over a planned second international bailout. Major U.S. stock indexes ended the previous quarter at its worst since 2008, hit by European debt worries, U.S. credit downgrade and slowing global economy.
Markets will watch for any outcome from a Eurogroup meeting that is expected to discuss leveraging of the EFSF bailout fund and structural reforms in Greece. Some respite might come from U.S. auto sales data, expected to show a 9 percent rise from a year ago as Japanese automakers, impacted by the earthquake, will have enough inventory. Other data on the tap includes ISM index and construction spending.
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