Stocks: 4 things to know before the open

Written By limadu on Selasa, 17 Februari 2015 | 04.32

premarkets february 17 Click on the chart for in-depth premarket data.

Stock markets hit fresh record highs Friday, but investor sentiment has soured since then. Markets were closed Monday for Presidents' Day.

Here are the four things you need to know before the opening bell rings in New York:

1. Greek tragedy: Greece is one step closer to being forced out of the eurozone after debt talks with its creditors collapsed Monday.

Greece has to figure out a plan to pay its bills and debts in the coming months and years, but the country's prospects are looking increasingly grim.

Greece's €240 billion ($273.1 billion) bailout program -- which is keeping it afloat -- is set to expire at the end of February. Without a new agreement with creditors, Greek banks could lose access to cash from the European Central Bank, and Greece could be ultimately forced out of the eurozone.

The mood in Europe is negative. All European markets are declining, with Germany's Dax index down by more than 1%. The main stock market in Greece is off by 3.5%.

U.S. stock futures are also moving lower.

Related: Fear & Greed Index

2. Ukraine's shaky ceasefire: The agreed ceasefire in Ukraine isn't being observed as fighting continues in Debaltseve in Eastern Ukraine.

Continued fighting between Ukrainian forces and pro-Russian separatists threatens to put further pressure on the Russian ruble and stock markets, as international powers may consider more sanctions against Russia.

"The ruble has appreciated in recent days due to recovering oil prices," said Adam Slater, senior economist at Oxford Economics, "We think that this rebound will be limited due to the tensions in eastern Ukraine."

A ceasefire was due to be fully implemented Sunday, and all parties involved are supposed to start withdrawing their heavy weapons on Tuesday.

Related: CNNMoney's Tech30

3. The motion of Transocean: Watch trading in oil services company Transocean (RIG) Tuesday. Trading volume could be higher than normal after the company announced its CEO is leaving and it's planning to slash its dividend payments.

4. Earnings update: Goodyear Tire (GT) will report earnings before the opening bell. Retailer Fossil (FOSL) and restaurant chain Potbelly (PBPB) will report after the close.

CNNMoney (London) February 17, 2015: 5:19 AM ET


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