US STOCKS-Futures lower on global growth worry, JPMorgan results

miércoles 14 de enero de 2015 08:37 GYT

* World Bank cuts global growth forecasts

* JPMorgan falls in premarket after earnings

* Freeport McMoRan drops in premarket on copper weakness

* Futures off: Dow 69 pts, S&P 7 pts, Nasdaq 10.75 pts

By Chuck Mikolajczak

NEW YORK, Jan 14 (Reuters) - U.S. stock index futures fell on Wednesday, putting equities on track to extend their three-day losing streak, as global demand worries continue to put pressure on commodities such as oil and copper.

* Copper prices touched their lowest level since July 2009 and were last down 5.1 percent at $5,353.25 a tonne after the World Bank cut its global forecast for economic growth in 2015 and next year. Shares of Freeport McMoRan lost 4.4 percent to $20.11 before the opening bell.

* Brent crude fell to a low of $45.59 before bouncing back to trade up 0.2 percent to $46.66, while U.S. crude was down 0.2 percent at $$45.82 after falling as low as $45.01. The Energy Information Administration's oil inventory report is due at 10:30 a.m. (1530 GMT).

* Adding to pressure were shares of JPMorgan, which fell 1.3 percent to $58.10 after the biggest U.S. bank by assets reported a 6.6 percent drop in quarterly profit. Earnings from Wells Fargo are also expected on Wednesday.   Continuación...