* Portuguese, Italian markets slide, weigh on Europe
* Jobless claims better than expected, wholesale data due
* Lumber Liquidators tumbles after revised outlook
* Futures slide: Dow 181 pts, S&P 22 pts, Nasdaq 48 pts
(Updates prices, adds data)
By Rodrigo Campos
NEW YORK, July 10 U.S. stocks were poised to
drop more than 1 percent at the open on Thursday, weighed by a
slump in European shares on concern over the health of
Portugal's top listed bank and following weak data from Italy.
* With U.S. stocks trading near record highs, the selloff in
Europe could entice shorts who have been mostly shut out of the
market. Many market participants have called for a pullback,
with the steady S&P 500 yet to see a daily decline of 1 percent
or more since April 10.
* Espirito Santo Financial Group, the largest
shareholder in Portugal's Banco Espirito Santo,
suspended trading in its shares and bonds, citing "material
difficulties" at parent company ESI. Shares of the bank fell
* Italian industrial output dropped 1.2 percent in May, its
steepest monthly fall since November 2012, casting doubt over
prospects for the country's economic recovery.
* Portugal's benchmark stock index fell 4.1 percent
and Italy's FTSE MIB fell 2.3 percent. An index of
European bank shares was down 2.7 percent. U.S. banks
will likely fall on concerns over exposure to Europe.
* S&P 500 e-mini futures were down 22 points and fair
value - a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the contract
- indicated a lower open. Dow Jones industrial average e-mini
futures fell 181 points and Nasdaq 100 e-mini futures
lost 48 points.
* The CBOE Volatility Index is expected to snap higher after
a period of hibernation. The VIX last week hit its lowest level
since early 2007. The VelocityShares Daily 2x VIX Short Term
exchange-traded note rose 9.4 percent in heavy trading.
* Futures held on to steep losses even after data showed
filings for new U.S. unemployment benefits claims fell last week
to one of the lowest levels since before the 2007-09 recession.
* Wholesale inventories and sales are due at 10:00 a.m. EDT
* Shares of Lumber Liquidators fell 21.8 percent in
premarket trading a day after the hardwood flooring retailer cut
its earnings outlook. Sandwich chain Potbelly estimated
second-quarter revenue and profit below analysts expectations
and its shares slid 18.7 percent in premarket trading.
(Reporting by Rodrigo Campos; Editing by Bernadette Baum)