New York City ? The world’s financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government’s financial rescue package – and watch for any further fallout from the credit crisis around the globe.

The markets have switched their focus to the world economy now that the $700 billion bailout plan has become law. And there’s reason for their concerns – governments across Europe are rushing to prop up failing banks. On Sunday, Germany said it would follow suit with Ireland and Greece in guaranteeing all private bank accounts.

Wall Street looked to continue the volatility of last week when trading resumed today. Stock index futures declined by more than 1 percent late Sunday, pointing to a lower open. Dow Jones industrial average futures fell 176, or 1.70 percent, to 10,188. Standard & Poor’s 500 index fell 19.3, or 1.74 percent, to 1,089.00, while Nasdaq 100 futures fell 20.25, or 1.37 percent, to 1,457.25.