US STOCKS-Futures tumble on Greece concerns, China data

martes 10 de marzo de 2015 06:57 GYT
 

* Qualcomm jumps in premarket, to buy back shares

* Crude oil falls; Exxon, Halliburton weaker

* Futures down: Dow 103 pts, S&P 12.5 pts, Nasdaq 25.75 pts

By Ryan Vlastelica

NEW YORK, March 10 (Reuters) - U.S. stock index futures fell on Tuesday, pressured by weaker-than-expected data out of China as well as ongoing concerns about debt talks in Greece.

* Concern also came from a report that the Basel Committee may ask banks to boost capital as a sufficient cushion in case of spikes in interest rates. Rate policy has been a primary driver of equities of late; on Friday, the S&P 500 suffered its biggest one-day decline in almost two months after a stronger-than-expected jobs report was seen as goading the Federal Reserve into speeding up its time frame for raising rates.

* Euro zone ministers agreed that technical talks between finance experts from Athens and its international creditors would start on Wednesday, with the aim of unlocking further funding. However, the ministers warned Greece that it had "no time to lose."

* Greece's debt issues have been on the back burner for U.S. investors of late, but they continue to watch the region with caution. While the U.S. has little direct exposure to the country, there are concerns that extended uncertainly could spread throughout the euro zone.

* In China, the pace of inflation unexpectedly picked up in February while producer prices continued to slide, underscoring the intense pressure on profit margins at Chinese companies and adding urgency to policymakers' efforts to find new ways to support growth.   Continuación...