Exchange traded funds that invest in European stocks were set for a lower open in U.S. trading on Monday as investors didn’t get any positive developments on Greece’s debt crisis over the weekend.
SPDR EURO STOXX 50 ETF (NYSEArca: FEZ) fell 4.3% in premarket trading Monday, while SPDR STOXX Europe 50 ETF (NYSEArca: FEU) and SPDR S&P Emerging Europe ETF (NYSEArca: GUR) were down about 2%.
Currency ETFs tracking the euro were also poised for a lower open. CurencyShares Euro Trust (NYSEArca: FXE) slipped 0.4% in trading before the bell.
The euro declined versus the dollar for the first time in three days Monday after European leaders couldn’t agree on releasing a loan payment to avoid a Greek debt default, Bloomberg reported.
Prime Minister George Papandreou faces a confidence vote this week as he tries to push through austerity measures in Greece.
SPDR EURO STOXX 50 ETF
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