European Factors -- Stock index futures fall, earnings in focus

(Updates company items, market snapshot, adds index futures)

LONDON, Jan 15 (Reuters) - European stock index futures fell on Tuesday
ahead of earnings from big U.S. companies as markets wrestle with worries over
U.S. economic growth and credit woes, while UK retailers disappointed.

By 0730 GMT, STOXX futures STXEc1 and DAX futures FDXc1 were down 0.3
percent. On the macro economic front, the first estimate of Germany's 2007 GDP
and the ZEW investor sentiment is due later in the day.

Citigroup (C.N) is expected to report a fourth-quarter loss but investors
will focus on everything else Citi has in the works, from raising billions of
dollars in new capital to slashing more jobs.

Samsung Electronics (005930.KS) reported a smaller-than-expected 7 percent
dip in quarterly profit. Intel (INTC.O) also unveils earnings.

Shares in Britain's largest retailer Tesco (TSCO.L) are set to open at least
4 percent lower after it reported lower-than-expected trading figures, traders
said.

----------------------MARKET SNAPSHOT AT 0740 GMT-------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 1,416.25 1.09 % 15.23

NIKKEI .N225 13,972.63 -0.98 % -138.16

MSCI ASIA EX-JP .MIASJ0000PUS 594.92 -0.55 % -3.31

EUR/USD EUR= 1.4884 0.13 % 0.0019

USD/JPY JPY= 107.56 -0.59 % -0.6400

10-YR US TSY YLD US10YT=RR 3.761 -- -0.01

10-YR BUND YLD EU10YT=RR 4.047 -- -0.01

SPOT GOLD XAU= $909.00 0.61 % $5.50

US CRUDE CLc1 $94.08 -0.13 % -0.12

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* US STOCKS-Multinationals drive rebound on IBM's strength [.N]

* Nikkei ends below 14,000, exporters hit by yen [.T]

* Dollar near 7-week low vs yen, bank earnings eyed [USD/]

* Oil steady after jump on Nigeria, Iran, weak dollar [O/R]

* TREASURIES-Steady in Asia before finance sector results [US/]

* Gold, platinum near historic highs; uptrend intact [GOL/]

COMPANY NEWS:

TESCO (TSCO.L)

Britain's biggest retailer reported a 3.1 percent rise in underlying sales
at UK stores open more than a year for the six weeks to Jan. 5, missing
analysts' expectations.

Analysts had on average expected the supermarket group to report UK
like-for-like sales, excluding fuel, up 4.0 percent, a Reuters survey of 8
brokerages showed. Forecasts ranged from 3.5 percent to 4.5 percent.

For more, double click on [TSCO.L-RTRS]

Debenhams H1 TRADE (DEB.L)

Burberry Group Q3 TRADE (BRBY.L)

DEUTSCHE BANK (DBKGn.DE)

Deutsche Bank CEO Josef Ackermann warned that the pain may not be over for
the global banking sector, with more write-downs possible if the liquidity and
credit crisis continues to hit valuations.

For more, double click on [ID:nN14305454]

NORTHERN ROCK NRK.L

The ailing British bank faces a key shareholder meeting that could restrict
its ability to sell assets and issue shares as possible nationalisation looms.

The bank's two biggest shareholders have urged investors to support the
proposals to ensure they get what they consider a fair price for their holdings
under rescue plans being discussed.

For more, double click on [ID:nL14325855] or [NRK.L-RTRS]

EADS (EAD.PA)

The European aerospace group sweetened its bid for a $40 billion U.S. Air
Force refueling tanker contract, saying it would expand a proposed U.S. plant
and add 300 highly paid jobs there if its joint bid with Northrop Grumman Corp
(NOC.N) wins.

For story click on [ID:nN14395761]

IBERDROLA (IBE.MC)

The Spanish utility plans to sell is 10 percent stake in EDP (EDP.LS) and
its 4 percent in Galp Energia (GALP.LS) to fund its growth plans, Expansion
reported, adding Iberdrola would make a capital gain of 700 million euros ($1
billion) on the sale.

SAFRAN (SAF.PA)

Revenue at the French conglomerate topped 12 billion euros in 2007, about in
line with market expectations, as rising aerospace sales offset a 31.5 percent
decline in mobile communications revenue.

For more, double click on [ID:nPAC009105]

SANTANDER (SAN.MC)

The Spanish bank is close to selling its headquarters outside Madrid for up
to 2 billion euros, newspapers reported on Tuesday. La Gaceta names Metrovacesa
(MVC.MC), Goldman Sachs (GS.N) and an Australian fund as possible buyers.

SUEDZUCKER (SZUG.DE)

The German sugar maker reported a fiscal Q3 net loss of 36.4 million euros
compared with expectations of a profit, but raised its forecast for 2007/2008
sales to 5.5 billion euros.

For more, double click on [ID:nWEB1950] or [ID:nL10700330]

ACCOR (ACCP.PA)

Property investment group Colony Capital has increased the number of shares
in French hotels group Accor to which it could be exposed under a swap
agreement, it said in a stock market filing.

For more, double ick on [ID:nL14488503]

IBERIA IBLA.MC

The Spanish airline said its passenger load factor, which measures the
amount of available capacity filled, fell to 77.0 percent in December compared
with 78.5 percent a year earlier and 2.5 points lower than in November.

For a full story, please click on [ID:nMDT004753]

GERMAN ECONOMIC DATA

2007 GDP due at 0800 GMT, seen at +2.5 percent year-on-year.

ZEW investor sentiment for January due at 1000 GMT, seen at -40.0, down from
-37.2. ECONDE G7TODAY

RESULTS/TRADING UPDATES

Alstom Q3 SALES (ALSO.PA)

Taylor Wimpey YRTRADE (TW.L)

Burren Energy YRTRADE BUR.L

Northern Foods Q3 TRADE NFDS.L

(Reporting by Anshuman Daga)