US Futures Drop Amid Defiant Rhetoric From Greek PM on End to Austerity Program

U.S. stock futures followed European markets lower Monday after Greece Prime Minister Alexis Tsipras promised to end the austerity program that was part of terms agreed to in return for bailout funding from Eurozone partners.

He also ruled out extending the bailout program, which ends Feb. 28. Meanwhile, U.K. Prime Minister David Cameron and officials from the U.K. finance ministry and the Bank of England reportedly met Monday to plan for a possible Greek exit, according to Reuters.

In economic data on tap this week, investors will closely watch the Labor Department’s December Job Openings and Labor Turnover Survey out on Tuesday and the January retail sales report out on Thursday.

In equities, McDonald’s ( MCD ) was lower nearly 1% in recent pre-market trade after saying January global comparable store sales fell 1.8. Toy and game maker Hasbro ( HAS ) rose nearly 4% after adding $ 500 million to its share buyback program.

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