Stock index futures are pointing to a slightly weaker open for Wall Street on Monday as investors remained uncertain about the outcome of a deal made by Greek politicians to approve an international bailout for Greece and grew increasingly worried about Italy’s public finances and political instability.
Italian bond yields rose to new euro era highs on Monday as nervousness over a key parliamentary vote in the country on Tuesday mounts.
Greek Prime Minister George Papandreou sealed a deal with the opposition on a crisis coalition to approve an international bailout, but details remain thin despite an EU ultimatum for Athens to get serious about tackling its problems.
Euro zone finance ministers meet in Brussels on Monday for a regular, scheduled meeting, but are likely to discuss the ongoing turmoil in the region.
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