LONDON Nov 20 U.S. stock index futures pointed
to a lower open on Wall Street on Tuesday, with futures for the
S&P 500 and Nasdaq 100 down 0.2 percent, and Dow
Jones contracts down 0.1 percent at 0905 GMT.
* Japan's Nikkei ended a four-day winning run on
Tuesday as investors took profits in exporters, which had
rallied on hopes Japan's main opposition party would win next
month's election and pressure the central bank for more stimulus
* European shares edged lower early on, with the French CAC
40 a core euro zone laggard after ratings agency Moody's
issued a long-awaited downgrade of France's credit rating.
* The U.S. Commerce Department releases housing starts and
permits data for October at 1330 GMT, expected to show a
pull-back after hefty gains in recent months. But a severe storm
in late October could exaggerate the magnitude of the decline.
* The Federal Reserve's Chairman Ben Bernanke speaks before
the Economic Club of New York at 1715 GMT, a speech that may
offer a fresh chance to gauge the Fed's appetite for more
monetary stimulus. Market participants currently expect the Fed
to step up asset purchases in 2013 after Operation Twist
* JPMorgan Chase & Co named little-known executive
Marianne Lake as its chief financial officer on Monday, making
her one of the most powerful women on Wall Street and the top
ambassador to investors for the largest U.S. bank.
* The U.S. International Trade Commission will review a
judge's decision which found <Apple AAPL.O> did not violate
patents owned by Samsung Electronics in making the
iPod touch, iPhone and iPad.
* Tiger Global Management, a technology focused hedge fund
run by Chase Coleman and Feroz Dewan, disclosed a big stake in
Groupon Inc on Monday, a vote of confidence for the
struggling daily deal website.
* Best Buy reports quarterly results, expected to show
a fall in earnings per shares to $0.12 from $0.47, as the
world's largest consumer electronics chain struggles to fend off
online and discount rivals. Investors are awaiting word on
whether founder and top shareholder Richard Schulze comes
through with a formal bid to take the company private.
* Hewlett Packard, H.J. Heinz Company and
salesforce.com are also among companies due to report
results on Tuesday.
* Archstone Inc, the apartment building owner and developer
owned by Lehman Brothers Holdings Inc, said on Monday it plans
to raise up to $3.45 billion in its initial public offering,
making it the biggest U.S. commercial real estate IPO ever.
* U.S. stocks rose for a second consecutive session on
Monday as investors were encouraged by the early atmosphere
surrounding talks to tackle the nation's fiscal crunch.
* President Barack Obama and the U.S. Congress hope to start
serious negotiations after this week's Thanksgiving holiday on
Thursday on how to avoid the "fiscal cliff," which has
politicians and economists worried about the direction of the
world's largest economy.
* The Dow Jones industrial average rose 207.65
points, or 1.65 percent, on Monday to 12,795.96 points. The
Standard & Poor's 500 Index was up 27.01 points, or 1.99
percent, at 1,386.89. The Nasdaq Composite Index was up
62.94 points, or 2.21 percent, at 2,916.07.
(Reporting By Francesco Canepa/editing by Chris Pizzey, London
MPG Desk, +44 (0)207 542-4441)