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NEW YORK (CNNMoney) -- Stocks were poised to take a hit Wednesday after European finance ministers concluded a marathon meeting without finalizing the details of a debt-reduction package for Greece
U.S. stock futures were lower across the board and stocks were slightly lower across Europe as the failure to reach a deal stirred new worries about European sovereign debt. The officials had been expected to agree to release the funds, with payment likely in December.
Britain's FTSE 100 slipped 0.2%, while the DAX in Germany lost only 0.1% and France's CAC 40 fell 0.2%.
In the U.S., reports will be released on consumer sentiment and initial jobless claims, and in corporate news, equipment maker Deere (DE, Fortune 500) is scheduled to release its quarterly results in the morning.
U.S. stocks ended flat Tuesday, amid a sharp sell-off in Hewlett-Packard (HPQ, Fortune 500) shares after the company reported a massive loss and renewed worries about Europe.
Fear & Greed Index
World markets: Asian markets closed higher. The Shanghai Composite gained 1.1%, the Hang Seng in Hong Kong rose 1.4%, and Japan's Nikkei posted a 0.9% gain.
Economy: At 8:30 a.m. ET, the Labor Department will release data on initial jobless claims for the week ended November 17, which are expected to total 423,000, according to a survey of analysts by Briefing.com. At 10:00, the University of Michigan will release the final version of its consumer sentiment index for November.
Currencies and commodities: The dollar was higher against the euro, the British pound and the Japanese yen.
Oil for January delivery fell $1.80 to $87.41 a barrel.
Gold futures for December delivery rose $2.30 to $1,725.90 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury edged higher, pushing the yield down to 1.57% from 1.59% late Tuesday.
First Published: November 21, 2012: 6:21 AM ET
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