U.S. stock futures declined, indicating the Standard & Poor’s 500 Index may fall for a second day, as concern grew that Greece won’t fulfill its bailout commitments and a Chinese policy maker warned of cooling growth. Bank of America Corp. (BAC) dropped 1.4 percent in German trading amid a plunge in European lenders. Facebook Inc. (FB) fell 1.2 percent. NRG Energy Inc. (NRG) advanced after purchasing GenOn Energy Inc. (GEN) for $1.7 billion in stock. S&P 500 futures expiring in September lost 1 percent to 1,344.1 as of 10:36 a.m. in London. The benchmark gauge advanced 0.4 percent last week as companies from International Business Machines Corp. to Ebay Inc. reported earnings that beat estimates. Dow Jones Industrial Average futures slipped 137 points, or 1.1 percent, to 12,636 today. “We are quite concerned about the European environment,� Philipp Baertschi, chief strategist at Bank Sarasin & Cie., told Bloomberg Television from Zurich. “It’s not only Europe; it’s also China slowing down, the U.S. slowing down. So we are heading for a period of global growth slowdown.� Greece’s creditors meet this week amid doubts that the country will fulfill its bailout commitments. German Vice Chancellor Philipp Roesler said he’s “very skeptical� that European leaders will be able to rescue Greece. The troika of international creditors -- the European Commission, the European Central Bank and the International Monetary Fund -- will arrive in Athens tomorrow. Fiscal Position After euro finance ministers failed to staunch a fresh low for the single currency last week following the approval of a 100 billion-euro ($122 billion) aid package for Spain, the troika will be tasked with determining the fiscal position of the nation where the crisis began almost three years ago. Greece is seeking more help as efforts to cut its debt to 120 percent of gross domestic product by 2020 fall short. The International Monetary Fund will stop paying further rescue aid to Greece, making the country’s insolvency in September more likely, Der Spiegel magazine reported yesterday, citing unidentified European Union officials. China’s economic expansion may cool for a seventh straight quarter to 7.4 percent in the three months to September, Song Guoqing, a member of the People’s Bank of China monetary policy committee, said in Beijing over the weekend. U.S. Economy A July 27 report may show the U.S. economy grew at the slowest pace in a year in the second quarter. Gross domestic product, the value of all goods and services the nation produced, rose at a 1.4 percent annual rate after a 1.9 percent gain in the prior quarter, according to the median forecast of 70 economists surveyed by Bloomberg. Factory orders softened and new-home sales were little changed, other data may show this week. Bank of America, the second-biggest U.S. lender, dropped 1.4 percent to $6.97 in German trading, following European bank shares lower. Citigroup Inc. (C) slipped 1.7 percent to $25.43. JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, lost 0.7 percent to $33.66. Facebook dropped 1.2 percent to $28.41 in Germany. The world’s largest social-networking service will report second- quarter results on July 26. Sales probably rose 30 percent to $1.16 billion in the June period, according to analyst predictions compiled by Bloomberg. That would be the slowest growth rate yet disclosed by the company co-founded by Mark Zuckerberg in 2004. News Corp. dropped 1.1 percent to A$21.40 in Sydney. Chairman and Chief Executive Officer Rupert Murdoch resigned from three of the company’s boards, including the News International newspaper division in the U.K. NRG Energy rose 0.4 percent to $18.13 after it said it would acquire GenOn Energy, creating the largest U.S. independent electricity generator. To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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