U.S. stock futures signal fall; Volcker eyed

* U.S. stock index futures pointed to a lower opening on
Wall Street on Tuesday, with futures for the S&P 500 (SPc1: ) down
0.27 percent, Dow Jones (DJc1: ) futures down 0.23 percent and
Nasdaq 100 (NDc1: ) futures down 0.23 percent.

* White House adviser Paul Volcker will urge Congress to
curb the risks taken by large banks to help prevent them from
being treated as “too big to fail,” according to testimony
obtained by Reuters on Monday. [ID:nN01217116]

* On the macro front, investors awaited data on pending home
sales, ahead of all-important monthly U.S. payroll data due on
Friday, while on the earnings side, Pepsi Bottling (PBG.N: ), Dow
Chemical Co (DOW.N: ), United Parcel Service (UPS: ), Whirlpool Corp
(WHR.N: ) and News Corp (NWSA.O: ) feature among the companies due
to report results on Tuesday.

* Resource-related shares will be in the spotlight after
British oil major BP Plc (BP.L: ) reported a lower than forecast
33 percent rise in fourth-quarter replacement cost profit on
Tuesday and cautioned investors that an operational turnaround
could slow this year, sending its shares down 4 percent.
[ID:nLDE61105O]

* Three U.S. private equity firms have been shortlisted in
the final round of bidding for Morgan Stanley’s (MS.N: ) more than
$1 billion stake in China International Capital Corp, a holding
the Wall Street bank has been trying to sell since late 2007.
[ID:nTOE61106W]

* Shares in Barnes & Noble Inc (BKS.N: ) jumped more than 13
percent to $20.50 after the bell on Monday following news that
Yucaipa American Management had asked to increase its stake in
the bookseller to 37 percent without triggering a poison pill.

* Oil prices pared gains on Tuesday as the dollar
strengthened, with the market’s attention turning to forecasts
for steady U.S. crude inventories after prices topped $75
earlier on optimism about the economy.

* Japan’s Nikkei average (.N225: ) rose 1.6 percent on
Tuesday, with Toyota Motor Corp (7203.T: ) jumping after detailing
plans of its fix for recalled vehicles, while European stocks
slipped in early trade, reversing a two-session tentative
recovery from the market’s sharpest bout of selling in a year,
as BP’s results hit energy shares.

* U.S. stocks (Read more about the stock market today. ) rose on Monday as better than expected data on
the manufacturing sector and earnings from Exxon Mobil revived
some bullish sentiment after stocks closed out their worst month
in almost a year.

* The Dow Jones industrial average (.DJI: ) shot up 118.20
points, or 1.17 percent, to close at 10,185.53. The Standard &
Poor’s 500 Index (.SPX: ) gained 15.32 points, or 1.43 percent, at
1,089.19. The Nasdaq Composite Index (.IXIC: ) rose 23.85 points,
or 1.11 percent, at 2,171.20.

Stock Market Money

(Reporting by Blaise Robinson; Editing by Greg Mahlich)

U.S. stock futures signal fall; Volcker eyed