US STOCKS-Wall St to open lower on Ukraine unrest, weak China data

lunes 5 de mayo de 2014 08:53 GYT

* Pfizer's revenue below expectations

* JPMorgan shares fall premarket on revenue warning

* Futures off: Dow 70 pts, S&P 8 pts, Nasdaq 17 pts (Updates prices, adds Target. B/E Aerospace)

By Rodrigo Campos

NEW YORK, May 5 (Reuters) - U.S. stocks were set to open lower on Monday on concern China's economy is continuing to lose momentum and as pro-Russian separatists ambushed Ukrainian forces, escalating a conflict that has kept global markets on tenterhooks recently.

* Pro-Russian separatists ambushed Ukrainian forces on Monday, triggering heavy fighting on the outskirts of the rebel stronghold of Slaviansk a day after a Ukrainian police station in Odessa was stormed.

* China's manufacturing sector contracted for a fourth consecutive month in April, adding to concerns over the health of the world's second-largest economy. Output and new orders contracted last month, and new export orders slipped back into contraction after a recovery in March.

* Pfizer Inc added to the gloomy sentiment as the biggest U.S. drugmaker reported revenues well below analysts' expectations. Shares fell 1.1 percent in premarket trading.

* S&P 500 e-mini futures fell 8 points and fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract, indicated a lower open. Dow Jones e-minis fell 70 points and Nasdaq 100 e-minis lost 17 points.   Continuación...