Trading in the U.S. index futures points to a lower opening on Monday, as risk aversion rules the roost in the global markets. Oil is down moderately following a three-week rally and most other commodities are lower. The dollar is mixed, up against the yen and commodity currencies but declining against the euro and the pound. European stocks are modestly lower, following in the footsteps of their Asian counterparts. Spreading anxiety is the impending policy decisions of the Bank of Japan and the U.S. Federal Reserve. The domestic markets may also track the new home sales data due after the markets open.