US STOCKS-Futures slip on China growth concerns, U.S. data due

martes 5 de agosto de 2014 08:05 GYT
 

* China services sector growth at nine-year low

* Euro zone businesses grow but deflation pressures mount

* Coach shares jump after results

* Futures off: Dow 35 pts, S&P 5.5 pts, Nasdaq 9.5 pts

NEW YORK, Aug 5 (Reuters) - U.S. stock index futures dipped on Tuesday after China's economic recovery was put in doubt as growth in its services sector slowed in July to its lowest level in nearly nine years.

* China's services purchasing managers' index fell to 50.0 in July from a 15-month high of 53.1 in June, the lowest since November 2005 when the data collection began.

* The data was partly offset by expansion in the euro zone's services sector at the second-fastest pace in three years. However, deflationary pressures continued to weigh on the region.

* Two separate readings on the U.S. services sector are due in the first half hour after the market opens on Tuesday.

* S&P 500 e-mini futures were down 5.5 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 industrial average e-mini futures fell 35 points and Nasdaq 100 e-mini futures lost 9.5 points.   Continuación...