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US futures fall on Ukraine fears

New York - US stock index futures fell on Thursday after Ukraine's president said Russian forces had been brought into his country, bringing concerns over the volatile region back into focus.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

However, the market has been looking for direction, with daily moves small and trading volume light.

The country's security and defence council said that the border town of Novoazovsk and other parts of Ukraine's south-east had fallen under the control of Russian forces.

An index of major shares in Europe, which has much more exposure, fell 0.8 percent.

If European growth is depressed by the conflict, that could have an indirect impact on the United States.

The Market Vectors Russia Exchange-Traded Fund fell 2.7 percent to $24.45 in premarket trading.

Dow Jones industrial average e-mini futures fell 49 points and Nasdaq 100 e-mini futures lost 11.75 points.

The index has risen for 11 of the past 14 sessions, and has closed above 2,000 for the past two days.

The Nasdaq 100 closed higher for its 11th straight session on Wednesday, its longest winning streak in about 14 months.

Gross domestic product is seen up 3.9 percent in the second quarter, compared with the previous read of 4 percent.

Pending home sales data will be released at 10 am, with sales forecast to be up 0.5 percent. - Reuters

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