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US STOCKS-Futures fall after World Bank cuts East Asia forecast

* UnitedHealth to buy 90 pct stake in Brazil's Amil

* Foxconn denies plant strike reports

* Futures off: Dow 47 pts, S&P 5.5 pts, Nasdaq 16.25 pts

By Chuck Mikolajczak

NEW YORK, Oct 8 (Reuters) - U.S. stock index futures fell onMonday after the World Bank cut its growth forecasts for EastAsia, highlighting concerns about the global economic climateand corporate profits ahead of the upcoming earnings season.

* The international lender reduced its growth forecasts forthe for East Asia and Pacific region and said there was a riskthe slowdown in China could worsen and last longer than manyanalysts have forecast.

* China, the world's second largest economy, has seen itseconomy hampered by the euro zone debt crisis as the nation is alarge trade partner with Europe.

* The third-quarter earnings season will kick off on Tuesdaywith results from Dow component Alcoa Inc

. Analystsexpect Alcoa's third-quarter results to show it broke even, downfrom a profit of 15 cents per share a year earlier, according toThomson Reuters data.

* Recent earnings warnings from large multinationals such asFedEx Corp

, Caterpillar Incand Hewlett-PackardCo

which have cited weakness in Europe and China haveleft investors cautious about the prospects for corporateprofits.

* According to Thomson Reuters data through Friday, 91companies in the S&P 500 have issued a negative outlook versus21 positive preannouncements for a ratio of 4.3, the weakestshowing since the third-quarter of 2001.

* On Monday, S&P 500 futures

fell 5.5 points and werebelow fair value, a formula that evaluates pricing by takinginto account interest rates, dividends and time to expiration onthe contract. Dow Jones industrial average futures

lost

47 points, and Nasdaq 100 futures

lost 16.25 points.

* There are no economic events or S&P 500 companiesscheduled to report earnings on Monday and trading may be lightfor the Columbus Day holiday.

* Apple Inc

shares dipped 0.8 percent to $647.50 inpremarket after Foxconn, the Taiwanese made-to-order electronicsgiant that assembles the iPhone makers products denied reportsthat a plant in China was crippled by a strike.

* Health insurer UnitedHealth Group

said it wouldbuy a 90 percent stake in Amil Participacoes SA,

Brazil's largest healthcare company, for about $4.9 billion.

* Wal-Mart Stores Incand American Express

will hold a conference call on Monday to make a financialservices announcement, the two companies said in a statement onSunday.

* General Motors Co

and its China joint ventures sold244,266 vehicles in the country in September, up 1.7 percentfrom a year earlier, the U.S. automaker said.

* Asian and European shares also fell in the wake of theWorld Bank growth forecasts for East Asia.

(Reporting by Chuck Mikolajczak Editing by W Simon)

((charles.mikolajczak@thomsonreuters.com)(+1 646 2235234)(Reuters Messaging:charles.mikolajczak.thomsonreuters.com@reuters.net))

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