US STOCKS-Wall St set to fall on earnings, China worries; data due

martes 5 de agosto de 2014 08:54 GYT
 

* China services sector growth at near nine-year low

* Euro zone businesses grow but deflation pressures mount

* Coach shares up after results, Target slides

* Futures off: Dow 59 pts, S&P 9 pts, Nasdaq 17 pts (Updates prices, adds Target, Office Depot)

By Rodrigo Campos

NEW YORK, Aug 5 (Reuters) - U.S. stocks were set to fall at the open Tuesday weighed by earnings such as Target's, and as growth in China's service sector slowed to a nine-year low in July, stoking worries over the health of the world's second-biggest economy.

* Target posted preliminary results and cut its second-quarter earnings estimate; its shares slid 4.1 percent in premarket trading.

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

* 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 bloc.   Continuación...