US Futures Point Lower

U.S. futures are pointing to a lower open after warnings yesterday, from Ben Bernanke that the economy is “not out of the woods” and Kansas City Fed President Thomas Hoenig about the dangers of low interest rates, spooked investors and spilled over into the morning’s trading. Traders also worried about the health of the Greek economy and its debt problems.

· In the U.S., initial jobless claims came in at 460,000, higher than consensus expectations of 435,000 and up from last week’s upwardly revised 442,000. Continuing claims came in lower than expected with a reading of 4,550K

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