Wall St futures fall; Morgan Stanley eyed

* U.S. stock index futures pointed to a lower open on Wall Street on Wednesday ahead of Morgan Stanley figures.

* At 1001 GMT S&P 500 March futures SPc2 were down 2.3 percent, Dow Jones futures DJc2 were 2 percent lower and Nasdaq 100 futures NDc2 were down 2.3 percent.

* Morgan Stanley (MS.N) is expected to report a loss per share of $0.24 compared with a loss of $3.61 last year as the former investment bank struggles to transform itself into a deposit-gathering institution that relies less on using borrowed money to make big market bets.

* The dollar hit a 2-1/2 month low versus the euro on Wednesday after the Federal Reserve slashed rates to between zero and 0.25 percent the previous day. U.S. stocks .SPX .DJI .IXIC rose 4.2-5.4 percent on Tuesday after the cut.

* Nike (NKE.N) is set to release second-quarter earnings and some analysts expect that softening global demand in the economic downturn could crimp the sports giant's profit.

* ConAgra (CAG.N), which was slow to raise prices and has struggled to cope with rising costs, is expected to post earnings of 38 cents a share, down from 53 cents a year earlier.

* Macro data include U.S. mortgage figures due at 1200 GMT

* The Bush administration could approve an automaker bailout from its bank rescue fund, with conditions likely to reflect at least those approved by the U.S. House of Representatives last week, key lawmakers and other sources said. (Reporting by Joanne Frearson; Editing by Victoria Bryan) (joanne.frearson@thomsonreuters.com; +44 207 542 2773, Reuters Messaging:joanne.frearson.thomsonreuters.com@reuters.net)