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20.06.2011 13:19

Before the bell: Stocks focuses on Greece

U.S. stocks futures point to a lower open Monday, after European officials failed to agree on a solution for Greece's debt crisis.
Greek debt woes continue to make pressure on stock markets around the world as investors worry that the country will default.
European finance ministers said Monday that Greece won't receive fresh loans until mid-July.  Adding fuel to the fire, credit agency Moody's said Friday that it may downgrade Italy.
Despite Moody's warning, the Dow managed to break its six-week losing streak.

Companies: Ford Motor Co. (F, Fortune 500) plans to invest $1 billion in its Lincoln brand. Shares of the automaker fell 1% in premarket trading.
PNC Financial Services Group (PNC, Fortune 500) said early Monday that it will buy the U.S. retail banking division of Royal Bank of Canada (RY) for $3.45 billion.
There is no major data for today.

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