CORRECTED-US STOCKS-Futures drop with oil prices

viernes 16 de septiembre de 2016 14:14 GYT

(Corrects to clarify U.S. Department of Justice is demanding a $14 billion settlement in talks with Deutsche Bank, but has not yet levied a fine. Changes throughout)

* Futures down: Dow 79 pts, S&P 8 pts, Nasdaq 14.75 pts

By Yashaswini Swamynathan

Sept 16 (Reuters) - U.S. stock index futures were lower on Friday, a day after Wall Street rallied about 1 percent and as oil prices dropped due to concerns of oversupply.

* The count down to the Federal Reserve's two-day meeting starting Tuesday has begun and while traders have very low expectations of an interest rate hike, investors will be keen for commentary on the recent blast of lackluster economic data.

* Contrasting comments from Fed officials on rate hikes have contributed in no small measure to the oscillations and increased volatility in U.S. stocks in the past few days.

* Volatility may rise again on as Friday, which marks the quadruple witching day, a day when investors unwind interests in futures and options contracts prior to expiration.

* News overnight that the Department of Justice proposed Deutsche Bank pay $14 billion to settle claims it missold mortgage-backed securities is likely to weigh on Wall Street banks as they are doing on European financials.

* Deutsche Bank's U.S.-listed shares were down 8.2 percent in premarket trading. Barclays, UBS , Credit Suisse and RBS were down between 3.3 percent and 5.5 percent.   Continuación...