PARIS, April 9 U.S. stock index futures pointed
to a mixed open on Wall Street on Tuesday, with futures for the
S&P 500 up 0.1 percent, the Dow Jones down 0.06
percent and Nasdaq 100 up 0.4 percent at 0900 GMT.
* European shares were up 0.5 percent in morning trade, with
steel and mining shares such as ArcelorMittal and Rio
Tinto among the top gainers after Alcoa's results
and benign Chinese inflation data.
* Lower-than-expected Chinese inflation fed expectations
that the country's monetary stimulus will stay in place to
support its economic growth.
* U.S. aluminium group Alcoa, viewed as a bellwether
for the materials sector, was the first of the S&P 500 companies
to report first-quarter results, posting a better-than-expected
profit after the Wall Street's closing bell on Monday, although
the company's revenue slightly missed estimates.
* Forecasts for first-quarter earnings have been scaled back
in 2013, with profits seen rising just 1.6 percent from the
year-ago quarter, according to Thomson Reuters data. In January,
earnings were seen rising 4.3 percent.
* J.C. Penney will be in the spotlight on Tuesday
after it parted ways with Chief Executive Ron Johnson and
rehired Johnson's predecessor, former CEO Myron Ullman, to
revive the company.
* Federal Reserve Chairman Ben Bernanke said on Monday loose
monetary policy among advanced economies around the world was
generally beneficial for all the nations involved. "Most of the
world's major industrial economies are engaged in expansionary
monetary policy and on net I think that's mutually
constructive," he said.
* Bernanke also said on Monday the central bank's periodic
bank stress tests have made the U.S. financial system more
resilient. Contrasting the current state of U.S. banks to their
tattered condition in 2009, Bernanke said the sector's rebound
was positive for the broader recovery given the importance of
credit to economic growth.
* Brazil's oil regulator, the ANP, said on Monday that it
authorised Chevron Corp to restart output from an
offshore oil field more than a year after a November 2011 spill
forced the No. 2 U.S. oil company to stop Brazilian production.
* General Motors Co plans to deepen cuts to output at
one of its South Korean plants in April to cope with lacklustre
sales in Europe, a company official said on Tuesday.
* The U.S. Justice Department said on Monday it had reached
a settlement with chemical companies Ecolab Inc and the
privately held Permian Mud Service Inc, allowing their proposed
merger to move forward without one of Permian's subsidiaries.
* On the macro front, investors awaited U.S. wholesale
inventories, due at 1400 GMT. Economists in a Reuters survey
forecast inventories to rise 0.5 percent in February versus an
increase of 1.2 percent in January.
* U.S. stocks ended a volatile session higher on Monday as
investors looked ahead to an earnings season expected to show
modest growth despite concerns about the economy's health.
* The Dow Jones industrial average rose 48.23 points,
or 0.33 percent, to 14,613.48 at Monday's close. The Standard &
Poor's 500 Index gained 9.79 points, or 0.63 percent, to
1,563.07. The Nasdaq Composite Index advanced 18.39
points, or 0.57 percent, to close at 3,222.25.