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US STOCKS-European bank ADRs among biggest premarket movers

Thu, 30th Oct 2014 11:48

By Ryan Vlastelica

NEW YORK, Oct 30 (Reuters) - U.S.-listed shares of majorEuropean banks were among the biggest movers of the premarketsession on Thursday, continuing to see weakness ever since theresults of the European Central Bank's stress tests werepublished over the weekend.

The Euro STOXX banking index fell 2.9 percent and isdown 6.6 percent so far this week, putting the index on trackfor its biggest weekly decline since September 2012.

Among the most active names, Deutsche Bank fell 3.4percent to $30.13 on the New York Stock Exchange, while BarclaysPlc was off 1 percent at $14.16 and UBS AG fell2.2 percent to $16.75. European shares fell 0.7percent.

In the broader market, U.S. stock index futures wereslightly lower as investors looked ahead to a report on economicgrowth and continued to digest recent comments from the FederalReserve.

An advance read on third-quarter gross domestic product willbe released at 8:30 a.m. (1230 GMT) and is seen showing economicgrowth slowed to 3 percent from 4.6 percent in the secondquarter. The level of growth, which is expectedto have been boosted by business spending, will be especiallyscrutinized a day after the Federal Reserve ended itsstimulative bond-buying program.

Futures snapshot at 7:31:

* S&P 500 e-minis were falling 11.5 points, or 0.58percent, with 198,769 contracts changing hands.

* Nasdaq 100 e-minis were down 23.5 points, or 0.58percent, in volume of 35,393 contracts.

* Dow e-minis were down 82 points, or 0.48 percent,with 27,209 contracts changing hands. (Editing by W Simon and Chizu Nomiyama)

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