Futures follow global markets sharply lower

US futures drop on uncertainty about Asian and European governments' role in economic recovery

Associated Press
US stocks follow global markets lower
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FILE - In this Tuesday, May 28, 2013, file photo, Traders Dan Ryan, left, and Gordon Charlop work on the floor of the New York Stock Exchange. Disappointment at the failure of the Bank of Japan to unveil further measures to boost the country's economy weighed on markets Tuesday June 11, 2013. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- Stock futures are following overseas markets sharply lower on uncertainty about the role of Asian and European governments in global economic recovery efforts.

Dow Jones industrial futures are down 112 points to 15,116. S&P futures have given up 14.2 points to 1,627.80. Nasdaq futures are down 25.25 points to 2,961.75.

The recovery well underway at home, U.S. markets increasingly look abroad for threats that could derail it, or at least slow it down.

The Bank of Japan closed a two-day policy meeting Tuesday with a more positive outlook, but apparently will not become involved in easing the volatile government bond market, even as the public debt soars.

And a central bank program that helped cool the European debt crisis is facing a legal challenge Tuesday in Germany's highest court.

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