US STOCKS-Wall St to fall at open on euro zone fears

* Euro hits 10-week low vs USD, dips below $1.30

* Monthly home prices fall more than expected-Case-Shiller

* Futures down: Dow 80 pts; S&P 10 pts, Nasdaq 21 pts

* For up-to-the-minute market news see [STXNEWS/US]
(Adds S&P/Case-Shiller data, quote, updates prices)

By Rodrigo Campos

NEW YORK, Nov 30 (BestGrowthStock) – U.S. stock indexes were set to
open roughly 1 percent lower on Tuesday as worries persisted
over euro zone finances and after data showed home prices fell
more than twice as fast as expected from the prior month.

The euro slid to 10-week lows against the U.S. dollar,
pressuring metals and other commodity prices, after a weekend
rescue package for Ireland did little to stem fiscal concerns.
For details, see [ID:nLDE6AT18Y]

“We are starting to see many warning signs of global
contagion, including lower U.S. stock prices,” said Zach Pandl,
economist at Nomura Securities International in New York.

The latest S&P/Case-Shiller home prices data disappointed
investors, as month-to-month prices fell more than expected in
September and prices from a year earlier rose more slowly than
forecast. [ID:nNLLTME6O7]

“Although the economy as a whole seems to be improving, the
housing market doesn’t seem to get out of the doldrums, further
decline in hose prices seems likely,” Pandl said, adding that
U.S. data is “clearly being overshadowed” by developments in
Europe.

S&P 500 futures (SPc1: ) fell 10 points and were below fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) dropped
80 points and Nasdaq 100 futures (NDc1: ) lost 21 points.

Global investors increased their exposure to equities in
November despite weaknesses on many bourses, while U.S. and
British fund managers stepped away from crisis-hit euro zone
bonds.
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For details on Reuters’ latest asset allocation poll, see
[ID:nN29202856] [ID:nLDE6AT0HU] and [ID:nLDE69R0FD]
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Consumer confidence data, expected at 10 a.m. EST (1500
GMT), will be in focus as investors look for more signs the
economic recovery advances, following a strong start to the
year-end shopping season.

The Conference Board’s index of consumer confidence for
November is forecast to rise to 52.6 from 50.2 in October.
(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

US STOCKS-Wall St to fall at open on euro zone fears