Stock futures point to weaker Wall Street open

* Futures for the Dow Jones industrial average (DJc1: ), the
S&P 500 (SPc1: ) and the Nasdaq 100 (NDc1: ) fall 0.1 to 0.3
percent, pointing to a weaker start on Wall Street on Tuesday.

* Strong earnings from Intel Corp (INTC.O: ), whose chips are
found in more than three-quarters of the world’s PCs, should
provide further proof on Tuesday of a recovery in electronics
and PC demand, but analysts say it will have to handily surpass
expectations to drive its high share price higher.

* China will chart its own course in reforming the yuan,
President Hu Jintao said as U.S. President Barack Obama renewed
his call for a more flexible Chinese currency. [ID:nTOE63C039]

The two heads of state, meeting for the first time since
Sino-U.S. tensions over the yuan threatened in recent months to
escalate into a serious trade dispute, chose their words
carefully and, in the view of investors, left the door open for
Beijing to resume appreciation in the coming weeks.

* At 1230 GMT, Commerce Department releases February
international trade figures. Economists in a Reuters survey
forecast a $38.5 billion deficit compared with a $37.29 billion
deficit in January.

* ICSC/Goldman Sachs release at 1145 GMT chain store sales
for the week ended April 10. In the previous week, sales were up
2.1 percent.

* CSX Corp (CSX.N: ), the No.3 U.S. railroad operator, is
expected to report stronger quarterly earnings as the economy,
and particularly the auto and coal industries, pick up steam.

* Labor Department releases import-export prices for March
at 1230 GMT. Economists in a Reuters survey forecast a 0.9
percent rise in imports and a 0.3 percent increase in exports.
In February, import prices fell 0.3 percent and exports were
down 0.5 percent.

* The Federal Deposit Insurance Corp (FDIC) may expand its
unlimited deposit insurance programme for certain business bank
accounts, the Wall Street Journal said, citing sources familiar
with the matter. [ID:nSGE63C05Y]

* At 1255 GMT, Redbook releases its Retail Sales Index of
department and chain store sales for April versus March. In the
prior period, sales were up 1.5 percent.

* ABC News releases at 2100 GMT its consumer comfort index
for the week ended April 11 versus the prior week. In the
previous week, the index read -43.

* Oil prices (CLc1: ) fell for a fifth straight session to
about $84 a barrel, almost erasing April’s gains, as a forecast
increase in U.S. crude inventories fanned concern about excess
supplies and sluggish demand growth.

* Shares of Alcoa Inc (AA.N: ) reversed course to rise 0.9
percent to $14.70 in extended trading on Monday after the
company reported its first-quarter results. The company posted
its fifth net loss in the past six quarters, but when charges
were excluded its results matched Wall Street estimates.

* Shares of Tennant Co (TNC.N: ) rose 7.9 percent to $31 in
extended trading on Monday after the company gave a
first-quarter profit (Read more your timing to make a profit.) outlook. [ID:nASA007UO]
* CF Industries (CF.N: ) fell 1.4 percent to $90.72 in late
trading on Monday after the company launched an offering of
common stock. [ID:nASA007U3]

* The pan-European FTSEurofirst 300 (.FTEU3: ) index of top
shares is down 0.2 percent. The index is up around 70 percent
since reaching a lifetime low in early March 2009.

* Japan’s Nikkei average (.N225: ) fell 0.8 percent on
Tuesday, moving further away from last week’s 18-month highs as
a stronger yen led to profit-taking.

* The Dow Jones industrial average (.DJI: ) rose 8.62 points,
or 0.08 percent, to 11,005.97 — its highest close since
September 2008. The Standard & Poor’s 500 Index (.SPX: ) climbed
2.11 points, or 0.18 percent, to 1,196.48. The Nasdaq Composite
Index (.IXIC: ) added 3.82 points, or 0.16 percent, to 2,457.87.

Investment Research

(Reporting by Atul Prakash; Editing by Louise Heavens)

Stock futures point to weaker Wall Street open