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Morning Brief

Opening calls are indicating a lower open in Europe, amid the crisis in Greece and its contagion to Europe. On Saturday, world leaders vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe’s debt crisis.

The Nikkei and the Hang Seng averages are trading flat in the current session, on speculative news that China and Japan may take steps to boost economic growth in the region.

U.S. stocks dropped for a sixth day on Friday, the longest slump since November for the Standard & Poor’s 500 Index, as Facebook Inc.’s record initial public offering failed to boost confidence in a market rattled by Europe’s debt crisis.