Dow Jones industrial average futures are down 92 points to 12,869. Standard & Poor's 500 futures are slipping 10.5 points to 1,353.90. Nasdaq composite index futures are off 19 points to 2,597.
A day after China trimmed its growth forecast, attention has turned back to Greece. The question now is how many private creditors will accept planned bond swaps that are part of the latest bailout package. Success depends on a high percentage taking part. Otherwise, Greece could default on March 20.
In London, the FTSE 100 index is down 0.6 percent at 5,874. Germany's DAX fell 1.4 percent to 6,770. The CAC-40 in France is 1.5 percent lower at 3,434.