First look... Stock futures are slightly lower this morning ahead of more data on consumer spending and jobs, two of the market's biggest concerns. World stock markets fell Thursday after the U.S. Federal Reserve cautioned about the wider economic impact of rising unemployment. Investors awaited interest rate decisions in Europe later in the day. The Fed warned household spending would remain "constrained by ongoing job losses, sluggish income growth, lower housing wealth and tight credit." Similar statements are expected from the European Central Bank and the Bank of England later when they announce their latest interest rate decisions later. Both banks are expected to keep borrowing costs on hold for some time. Seven of ten reporting Asian/pacific markets are down. The Japan Nikkei 225 is down 1.29%. The India BSE 30 is up 0.95%. Eight of nine reporting European markets are down. The Austria ATX is down 1.04%. The Belgium Bel 20 is up 0.15%. Almost all of the highest volume US stocks on the Frankfurt exchange are down. E Trade (ETFC), Citigroup (C), Bank of America (BAC), Intel (INTC), Alcoa (AA) and General Electric (GE) are down. Microsoft (MSFT), Ford (F) and Advanced Micro Devices (AMD) are up.