Stock markets across Europe are are falling early in the trading session. The Euro Stoxx 50 is down 0.8%.Britain’s FTSE 100 is down 0.5%.
Germany’s Dax 30 is up 0.5%.
France’s CAC 40 is down 1.0%.
Spain’s IBEX 35 is down 0.8%.
Italy’s FTSE MIB is down 0.6%.
Greek debt swap negotiations made little progress over the weekend and will continue today. Prime Minister Lucas Papdemos set a Monday deadline for the a final deal. Greece may lose access to future bailout funds if an agreement isn’t reached, which would put the country at risk of a default in the coming weeks and months.
Meanwhile, U.S. futures are also selling off. Dow futures are down 64 points and S&P 500 futures have dropped 8 points.