By Edward Krudy NEW YORK (Reuters) - U.S. stocks index futures fell on Friday on expectations China would raise interest rates, hitting commodity prices and sending the local stock market into a tailspin. * China stocks fell 5.2 percent on Friday for their biggest percentage loss in over a year, while global commodities tumbled on speculation the central bank is about to raise interest rates to tackle inflation. For details, see * "The macro today is the thing that is going to rule," said Kim Caughey, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. "China in the past year, whenever they've raised interest rates, it has hit the market." * Resource-related stocks were likely to take the brunt of selling as crude oil CLc1 dropped almost $2 a barrel to near $86, while copper CMCU3 fell around 2 percent. In early trading, Exxon Mobil Corp XOM.N fell 1 percent, while Freeport-McMoRan Copper & Gold Inc FCX.N was off 2.3 percent. * S&P...
U.S. Stock Index Futures Signal Lower Open
* Futures for the Dow Jones industrial average DJc1 , the S&P 500 SPc1 and the Nasdaq 100 NDc1 fell 0.8 to 1.2 percent, pointing to a sharply weaker start for equities on Wall Street on Friday. * Thomson Reuters/University of Michigan Surveys of Consumers release at 1455 GMT preliminary November consumer sentiment index. Economists in a Reuters survey expect a reading of 69.0 compared with 67.7 in the final October report. * Companies announcing results on Friday include Agilent Technologies A.N , D.R. Horton DHI.N and JCPenney JCP.N . * G20 leaders drew a veil over their economic policy disputes on Friday, agreeing to tackle tensions that have raised the spectre of currency wars and giving the nod to countries that have seen huge capital inflows to impose controls. * At 1530 GMT, ECRI releases its weekly index of economic activity for Nov. 5. In the prior week the index read 123.2. * The chief executive of Wal-Mart Stores Inc's WMT.N Asia operations said...
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