Stock futures lower amid global growth worries

[July 05, 2016]  By Yashaswini Swamynathan

(Reuters) - U.S. stock index futures were lower on Tuesday, tracking a decline in oil prices, as investors shifted their attention to global growth worries post Brexit.

* Data from China showed that the country's services sector activity rose to an 11-month high in June, but a composite measure of activity including manufacturing fell to its lowest in four months.

* Oil prices fell more than 2 percent as a potential economic slowdown weighed on prospects of demand.

* Britain's vote to leave the European Union late last month sent global markets into a tizzy as investors worried of its consequences.

* The Bank of England said the outlook for UK's financial stability post-Brexit was "challenging" and reversed its March decision to increase the amount of capital that banks must hold against upturns in the credit cycle.

* Wall Street closed down higher for the fourth day on Friday as investor sentiment was buoyed by strong manufacturing data.

* The Commerce Department will release a report that is expected to show that new orders for manufacturing goods fell by 1 percent in May, compared to 1.9 percent in April. The data is expected at 10:00 a.m. ET.

* While traders do not expect the U.S. Federal Reserve Bank to raise interest rates this year, they will keenly watch policymakers' comments on what the Fed's next step would be.

* New York Fed President William Dudley is scheduled to participate in a discussion in Binghamton, New York at 2:30 p.m. ET (1830 GMT).

* The Fed's next policy meeting is on July 26-27.

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 1, 2016. REUTERS/Andrew Kelly

* Tesla  fell 3.9 percent to $208 in premarket trading after the electric car maker missed vehicle deliveries target for the second consecutive quarter.

* Apple  was off 0.8 percent at $95.10.

Futures snapshot at 7:07 a.m. ET:

* Dow e-minis <1YMc1> were down 67 points, or 0.38 percent, with 44,426 contracts changing hands.

* S&P 500 e-minis were down 8.75 points, or 0.42 percent, with 317,025 contracts traded.

* Nasdaq 100 e-minis were down 19.25 points, or 0.43 percent, on volume of 36,329 contracts.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Don Sebastian)

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