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Global Markets Update: European Shares Fall as Investors Await Greek Deal

Monday, 30 Jan 2012 | 5:10 AM ET

US futures point to Wall Street opening lower on the back of news from Europe and Asia. European shares extended losses today as worries about debt swap talks between Greece and its private creditors continued to weigh on investor sentiment before a European Union summit. In addition, a full return to action for Asian markets, after the lunar New Year holiday, delivered a downbeat tape, with investors disappointed that the Chinese authorities have not eased monetary policy in the manner some had expected, and as the region gets its first chance to price in softer than forecast US fourth-quarter GDP data.