* August core PCE up 0.2 pct
* CalAmp falls on revenue miss
* Futures down: Dow 14 pts, S&P 0.25 pt, Nasdaq 0.75 pts
(Adds details, comments, updates prices)
By Yashaswini Swamynathan
Sept 30 Wall Street was set to open little
changed on Friday, the last trading day of the quarter, as oil
prices pared losses and investors assessed a set of key economic
Consumer spending unexpectedly fell in August, while core
personal consumption expenditure - the Federal Reserve's
preferred measure of inflation - rose 0.2 percent and was in
line with analysts' estimates.
The markets are expected to be volatile in the coming weeks
as the third-quarter earnings season approaches and uncertainty
looms over the outcome of the U.S. presidential election in
Brent crude was down 0.15 percent, after falling as much as
1.7 percent earlier.
U.S. stocks fell sharply on Thursday amid choppy trading as
banks took a beating due to declines in Deutsche Bank
and Wells Fargo, whose chief executive was rebuked by
lawmakers for his handling of sales abuses.
Deutsche Bank's stock touched a record low on Friday on news
that a number of hedge funds had pulled out collateral as the
bank faces a $14 billion demand from U.S. authorities for
misselling mortgage-backed securities.
Shares of JPMorgan, Bank of America and
Citigroup were up about 0.4 percent in premarket trading
"Wall Street was right to worry about Deutsche Bank, but
yesterday was a bit of an over reaction, and we're walking back
a little bit today," said Kim Forrest, senior equity research
analyst at Fort Pitt Capital Group in Pittsburgh.
"The spotlight is likely to still be on financials."
Dow e-minis were down 14 points, or 0.08 percent at
8:33 a.m. ET, with 33,597 contracts changing hands.
S&P 500 e-minis were up 0.25 points, or 0.01 percent,
with 251,019 contracts traded.
Nasdaq 100 e-minis were down 0.75 points, or 0.02
percent, on volume of 37,559 contracts.
At 10:00 a.m. ET, investors will get the final reading on
the University of Michigan's consumer sentiment index, which is
expected to have edged up to 90 this month from 89.8 the
Dallas Fed president Robert Kaplan is scheduled to speak at
an event at 1:00 p.m. ET.
CalAmp was down 13.2 percent after the wireless
device maker reported quarterly revenue that missed analysts'
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by