European Stock Futures Drop; Deutsche Bank, UBS May Decline

European stock-index futures fell, following losses in U.S. and Asian markets, before a report that may show employment in the U.S. slowed in October.

Deutsche Bank AG, UBS AG and Credit Suisse Group may drop after their U.S.-traded securities slipped.

``European banks are likely to come under pressure but it's going to be a tough day across the board,'' said Simon Payne, a trader at Fortis Bank SA in Madrid. ``People are worried about an economic slowdown again and the payrolls data will be very closely watched.''

Futures on the Dow Jones Euro Stoxx 50 Index, a benchmark for the euro region, lost 28, or 0.6 percent, to 4,401 at 7 a.m. in London. The U.K.'s FTSE 100 Index may decrease 45, according to CMC Markets.

U.S. stocks tumbled yesterday, led by the steepest drop in financial companies in five years, after analysts said Citigroup Inc. may be short of capital and advised investors to sell the shares. Asian stocks fell the most in almost two weeks today.

Payrolls grew by 85,000 after a gain of 110,000 in September, according to the median estimate of 86 economists surveyed by Bloomberg News. The jobless rate held at 4.7 percent for a second month, based on the survey. The Labor Department release is due at 8:30 a.m. in Washington.

U.S. traded shares of Deutsche Bank, Germany's biggest bank, slid 1.1 percent from the close in Frankfurt. UBS, Europe's largest bank by assets, and Credit Suisse, Switzerland's second- biggest bank, also lost 1.1 percent from their Zurich close.

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