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US futures follow Europe and Asia downward
US stock futures head lower as European leaders meet in Brussels to formulate an economic plan
By The Associated Press

NEW YORK (AP) ' U.S. stock futures are following European and Asian markets downward as policy makers argue over how best to spur growth.

Dow Jones industrial average futures are sliding 71 points to 12,406. Standard & Poor's 500 index futures are down 8.1 points to 1,306.7. Nasdaq composite index futures are down 14.75 points to 2,520.50.

Leaders of the 27 European Union countries meet Wednesday in Brussels and the markets are showing little faith that they have a strategy to avert an even broader downturn.

Japan reported that its trade deficit is widening and the Bank of Japan on Wednesday left its key interest rate unchanged at near zero in a continuing bid to spark growth.

A report on new U.S. home sales will be released by the Commerce Department at 10 a.m. Eastern.

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