Posted by
alfredlester on Monday, April 18, 2011 10:06:33 AM
NEW YORK (Reuters) - U.S. stock index future Fell On Monday Before a raft of corporate earnings, Including Citigroup, as investors weigh corporate results and outlooks whether Will Be Hurt by rising commodity Costs.
Citigroup Inc (CN), off 0.5 percent to $ 4.40 Before the opening bell, IS Expected to carry a drop in quarterly profit and revenue on Monday, as an Uncertain trading environment and weak consumer loan demand Hinder icts efforts to move past the Financial Crisis. "During the week of April 18, 110 S & P 500 companies are to carry Expected earnings.
"The market IS underwhelmed by The Early earnings releases," Said Peter Kenny, managing director at Knight Capital in Jersey City, New Jersey.
"Input Costs are driving more and more of tea sets, and They Are Significantly less manageable Than pushing consumer demand, or Even industrial demand.It Is a problem, it could "really kind of make The Rebound Enter an anemic phase."
Halliburton Co (HAL.N), The World&&9;s No.2 oilfield services company, advanced 0.9 percent to $ 47.25 in premarket trading after posting a first-quarter profit that beat analysts&&9; Estimates oil companies have Increased Spending on New Projects to Meet Growing Demand oil worldwide.
Eli Lilly & Co (LLY.N) climbed 1.1 percent to $ 36.40 after The drugmaker Reported better-than-expected first-quarter sales and earnings.
Also due to postponement Monday it IS Texas Instruments (TXN.N).
China Raised banks&&9; required reserves for The Fourth Time this year on Sunday, stepping up efforts to fight high inflation no teletrack payday loans.
Athens prepend it has no plans to restructure debt icts, Greek media has Denying It Had Requested deferral Talk With icts lenders have speculation That It Would need a hit Restructuring Debt Markets & the Euro.
S & P 500 future Fell 9.6 points below fair value and Were, has pricing formula That Evaluates by Taking Into Account Interest Rates, dividends and time to expiration is The Contract. Dow Jones Industrial Average future Fell 65 points and Nasdaq 100 future Fell 13 points.
Healthcare Stocks Will Be In The spotlight after Swiss medical device maker Synthes (SYST.VX) Confirmed It Is in Merger Talks With Johnson & Johnson (JNJ.N). Reports Said The U.S. company in talks to buy WAS it for about $ 20 trillion.J & J shares rose 0.7 percent to $ 60.97 in premarket trade light.
NYSE Euronext (NYX.N) Would Likely want Nasdaq OMX Group (NDAQ.O) to offer a "substantial fee to Guarantee That Will icts takeover bid passes antitrust muster Before the NYSE IS Willing to Engage in deal talks, Two Sources With Knowledge Of The Matter said.
Renewed Concerns euro zone debt hit European shares, a key index Into Sending negative territoire pour l&&9;année.
Stocks in Asia ex-Japan Remained Flat, With investors unconvinced That China&&9;s latest moves to cool economy icts Would Hurts The overall recovery.
(Reporting by Chuck Mikolajczak, Editing by Kenneth Barry)
Stock Futures lower ahead of Citigroup results