STOCKS NEWS US-Barclays starts computer service group at neutral

Stocks on the move [HOT-RTRS] Real-Time Equity news [U E]

U.S. stock market report [.N]
0824 ET 07April2009-Barclays starts computer service group at neutral
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Barclays Capital on Tuesday started coverage on the U.S. computer services
sector with a neutral rating, expecting the group will be one that investors
"rotate into once sentiment around financial services and consumer spending
start to shift."

The firm added that the sector enjoyed a number of strong trends, including
demand for Internet banking and cash or check payments shifting to plastic
payments. Despite that, Barclays also wrote that the group was facing headwinds
from reduced transaction growth and end-customer challenges.

For details, see [ID:nBNG103860]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0815 ET 07April2009-GFT: rally may be running out of steam
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GFT on Tuesday forecast a lower open for the U.S. stock market and said "it
feels like the month-long rally is running out of steam. Whether this is a
breather before indices continue upwards, or the completion of a bear market
rally is difficult to tell. Opinions are split, but last month's bullishness
seems to be waning and could evaporate as suddenly as it appeared."

GFT expects the Dow Jones industrial average .DJI to open down 36 points
while the S&P 500 .SPX opens down 4 points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0811 ET 07April2009-Crude oil down, pressured by stock markets
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May crude futures fell on Tuesday, dropping after European equities turned
lower. The oil market was also pressured by U.S. index futures, which were down
on renewed fears over toxic assets.

For details, see [ID:nSP219544]

The contract slid 1.5 percent to $50.27 per barrel.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0801 ET 07April2009-Alcoa down ahead of release of results
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Shares of Alcoa Inc (AA.N) fell in premarket trade on Tuesday, ahead of the
release of the aluminum company's quarterly results.

The Reuters Estimate is for a loss of 54 cents a share and revenue of $4.11
billion for the company's first quarter. The company posted earnings of 44
cents a share and revenue of $7.38 billion in the year-ago period.

Shares of the company, a Dow component, slid 3.3 percent to $7.65 in
premarket trade.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0757 ET 07April2009-Citi cuts U.S. market to underweight
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Citi on Tuesday cut the United States equities market to underweight,
saying that valuation didn't look "particularly attractive."

"The U.S. market should be able to post further gains over the next 12
months but [we] suspect that the returns may be better elsewhere," the firm
wrote. It added that the U.S. "tends to perform as a defensive market and is an
obvious source of funds for an equity investor looking to increase risk
exposure over the rest of the year."

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0750 ET 07April2009-Toxic debt may hit $4 trillion: paper
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Toxic debts that have been racked up by banks and insurers could reach as
much as $4 trillion, new forecasts from the International Monetary Fund are set
to suggest, according to the British daily The Times.

In January, the IMF said it expects the deterioration in the assets would
reach $2.2 trillion by the end of next year.

For details, see [ID:nT186243]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net