US STOCKS-Futures fall on trade war, global growth worries

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* Futures down: Dow 0.74%, S&P 0.74%, Nasdaq 0.80%

By Medha Singh
Aug 12 (Reuters) - U.S. stock index futures fell on Monday,
as investors shunned risky bets on fears that a drawn-out trade
war between the United States and China would significantly
hamper global growth.
The three main indexes ended marginally lower last week,
wrapping up five days of high volume trading marked by wild
swings, as investors feared that a slide in China's yuan would
expand the scope of the trade war to include currencies.
President Donald Trump said on Friday he was not ready to
make a deal with China, pouring cold water on any hopes that the
dispute would end soon.
Highlighting the fallout of the trade dispute on global
growth, a survey by Germany's Ifo economic institute on Monday
showed the economic outlook for third quarter has deteriorated
worldwide. Trade-related worries have been a major drag on the
benchmark S&P 500 .SPX , which has slipped 3.7% from its
all-time high hit in July.
At 6:48 a.m. ET, Dow e-minis 1YMcv1 were down 194 points,
or 0.74%. S&P 500 e-minis EScv1 were down 21.75 points, or
0.74% and Nasdaq 100 e-minis NQcv1 were down 61 points, or
0.8%.
Investors seeking safety in perceived safe havens pushed the
Japanese yen and U.S. government bond prices higher.
The so-called FAANG group, Facebook Inc FB.O , Amazon.com
Inc AMZN.O , Apple AAPL.O , Netflix Inc NFLX.O and
Google-parent Alphabet Inc GOOGL.O , which led the market rally
this year, slipped between 0.4% and 1.3% in premarket trading.
Chipmakers, which depend on China for a large portion of
their revenue, were also under pressure. Micron Technology Inc
MU.O , Nvidia Corp NVDA.O and Advanced Micro Devices Inc
AMD.O fell between 0.6% and 1.5%.
Bank of America Corp BAC.N , Goldman Sachs GS.N and
Morgan Stanley MS.N fell more than 1.2% each, as lower bond
yields hit shares of interest-rate sensitive lenders.