Traders continue to express anxiety over the developments in Europe

U.S. stock futures point to a lower opening Monday morning as traders continue to express anxiety over the developments in Europe and the likely impact of the same on global economic recovery notwithstanding positive signs of economic growth at home. With the first quarter reporting season winding down, economic data related to existing home sales will be of interest in addition to the developments in global markets, including commodity prices and currency movements. The euro, which rebounded in the previous couple of sessions, has once again failed to hold onto gains and is presently trading weaker against the dollar.