PARIS |
PARIS Feb 12 (Reuters) – U.S. stock index futures pointed
to a lower open on Wall Street on Tuesday, with futures for the
SP 500 down 0.2 percent, Dow Jones futures down
0.2 percent and Nasdaq 100 futures down 0.1 percent at
1019 GMT.
* European shares were mixed on Tuesday morning, as downbeat
earnings in the struggling auto sector offset a sharp rally in
shares of UK lender Barclays, which unveiled a plan to
cut at least 3,700 jobs in an effort to slash $2.7 billion in
costs.
* On the earnings front, results are expected from companies
including Avon Products Inc. Goodyear Tire Rubber
, The Coca-Cola Company, The McGraw-Hill Companies
, Marsh McLennan Companies, Omnicom Group Inc.
, Reynolds American Inc. and Western Union Co.
.
* BNY Mellon Corp said on Monday it will take an $850
million charge against first-quarter profit after losing a
high-stakes tax case to the U.S. Internal Revenue Service, a
move that will also erode some of its capital.
* Industrial parts maker Rexnord Corp said it would
explore strategic alternatives, including a sale of the company,
less than a year after going public. Shares of the company, in
which Apollo Global Management Llc holds about 69
percent, were up 15 percent at $23.10 in trading after the bell
* Gardner Denver Inc is considering leveraged
recapitalization as an alternative, as efforts to sell itself to
private equity snag over price and the business outlook declines
for the industrial machinery maker, people familiar with the
matter said on Monday.
* The PIMCO Total Return Fund, the world’s largest bond fund
run by Bill Gross, decreased its mortgage holdings to its lowest
level since mid-2011, ahead of the prospect of higher interest
rates and emerging inflationary pressures.
* U.S. stocks ended a quiet session with slight moves on
Monday as investors found few reasons to keep pushing shares
higher following a six-week advance, though the longer-term
trend was still viewed as positive.
* The Dow Jones industrial average was down 21.81
points, or 0.16 percent, at 13,971.16. The Standard Poor’s 500
Index was down 0.92 points, or 0.06 percent, at 1,517.01.
The Nasdaq Composite Index was down 1.87 points, or 0.06
percent, at 3,192.00.
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