US STOCKS-Futures lower as rate hike timing weighs
* Futures down: Dow 10 pts, S&P 3 pts, Nasdaq 5.5 pts
By Tanya Agrawal
June 8 (Reuters) - U.S. stock index futures were lower on Monday as a strong jobs report on Friday increased expectations that the Federal Reserve could raise interest rates as soon as September.
* Stronger-than-expected jobs data for May and a pickup in wages were the latest signs of improved momentum in the economy, prompting expectations that the Fed will raise rates sooner than later.
* Wall Street's top banks said they expect the Fed to begin raising rates in September, followed by another increase before the end of the year, according to a Reuters poll.
* More sales of German government bonds weighed on European stock markets, while the dollar retreated after a report - later denied - that President Barack Obama had expressed concern over its strength after a year-long rally.
* Sears Holdings' shares rose 2.85 percent to $41.90 in premarket trading after the department store operator reported a smaller quarterly loss and said it plans to raise $2.6 billion from the spinoff of 235 stores into a real estate investment trust (REIT).
* Walter Energy slumped more than 35 percent to 29 cents and was set to open at record low after Bloomberg reported the coal miner could file for bankruptcy this month.
* McDonald's is scheduled to report its monthly sales for May before the market opens. Continuación...