Stock Futures Tumble 1% Amid European Debt Concerns; Dutch Prime Minister Resignation

U.S. stock index futures pointed to a sharply lower open on Wall Street on Monday as investors digested the results of the first round of presidential elections in France, and the Netherlands teetered on the brink of political and economic crisis over concerns about its ability to tackle its national debt… The Dutch government’s failure to reach an agreement in talks to achieve tough spending cuts could see ratings agencies cut the country’s prized AAA-rating and nervous investors push up the country’s borrowing costs, and it will also have wider implications for the euro zone as a whole, analysts said on Monday. Prime Minister Mark Rutte will meet the Dutch queen on Monday afternoon to tender the government’s resignation, Dutch broadcaster RTL reported. – Combined CNBC Reports

04/23/2012 9:01 AM by JPUpdates Staff

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