US STOCKS-Wall St set to open lower amid geopolitical tensions, trade worries

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* U.S. consumer prices increase broadly in July
* Hong Kong protests, Argentine peso slump unsettle markets
* JD.com rises after Q2 beat
* Futures down: Dow 0.30%, S&P 0.31%, Nasdaq 0.39%

(Changes comment, updates prices)
By Amy Caren Daniel
Aug 13 (Reuters) - Wall Street was set to open lower on
Tuesday, tracking a global shift out of riskier assets, as
investors grappled with simmering geopolitical tensions and
fears of a recession due to a drawn-out U.S.-China trade war.
Adding pressure to U.S. stock index futures was a Labor
Department report that showed the consumer price index rose 0.3%
last month, in line with expectations, with core CPI rising 2.2%
in the 12 months through July. "Core CPI was a bit higher-than-expected and anything that
decreases the odds of the Fed being aggressive in cutting rates
is going to be viewed as a negative," said Scott Brown, chief
economist at Raymond James in St. Petersburg, Florida.
Financial markets have fully priced in a rate cut at the
U.S. central bank's September meeting following a recent
escalation in the bruising trade war between the United States
and China, which led to an inversion of the U.S. Treasury yield
curve and raised the risk of a recession. MMT/
The benchmark S&P 500 is now about 5% away from its all-time
high hit last month that was driven mainly by hopes that the
Federal Reserve would adopt a looser monetary policy to impede
the impact of the trade war.
Protests in Hong Kong and a crash in Argentina's currency
and its stock market have driven up demand for safe-haven gold
and the Japanese yen. "The situations in Argentina and Hong Kong have been
unsettling and while they are not critical by themselves to
global growth, it's adding to the negative sentiment."
At 8:34 a.m. ET, Dow e-minis 1YMcv1 were down 78 points,
or 0.3%. S&P 500 e-minis EScv1 were down 9 points, or 0.31%
and Nasdaq 100 e-minis NQcv1 were down 29.25 points, or 0.39%.
Trade sensitive Caterpillar Inc CAT.N and Boeing Co BA.N
slipped 0.2% and 0.4%, respectively, in premarket trading.
FAANG group of stocks - Facebook Inc FB.O , Amazon.com Inc
AMZN.O , Apple AAPL.O , Netflix Inc NFLX.O and Google-parent
Alphabet Inc GOOGL.O - fell between 0.2% and 0.6%.
A survey showed German business sentiment plunged far more
than expected in August, hurt by trade disputes and higher
chances of a no-deal Brexit, painting a dismal picture of
Europe's biggest economy.
In a bright spot, China's JD.com Inc JD.O rose 7.9% after
the e-commerce company's quarterly results beat estimates,
boosted by stronger sales in its online retail business.