U.S. stock index futures down; Goldman results eyed

* Futures for the S&P 500 (SPc1: ), Dow Jones (DJc1: ) and
Nasdaq (NDc1: ) were down 0.2 to 0.3 percent at 0900 GMT, pointing
to a lower open on Wall Street on Tuesday.

* IBM (IBM.N: ) will be in focus after the company late on
Monday reported a decline in new technology services contracts
in the second quarter, while a weaker euro hit revenue more than
expected. [ID:nN19191611] IBM shares in Frankfurt (IBM.F: ) were
down 4.3 percent.

* Meanwhile, Texas Instruments (TXN.N: ) said
weaker-than-expected orders from one mobile phone customer,
identified as Nokia (NOK1V.HE: ) by some analysts, caused
second-quarter revenue to miss Wall Street forecasts. Texas
Instruments shares traded in Frankfurt (TXN.F: ) were down 3.7
percent.

* Investors eagerly awaited quarterly earnings from Goldman
Sachs (GS.N: ), Johnson & Johnson (JNJ.N: ), Yahoo (YHOO.O: ) and
Apple (AAPL.O: ), seeking more insight on the outlook for
corporate profits. Goldman Sachs shares in Frankfurt (GS.F: ) were
up 0.8 percent.
* Shares in Nokia (NOK1V.HE: ) jumped 4.1 percent on Tuesday
after the Wall Street Journal reported the world’s top cellphone
maker has sent out headhunters to find a replacement for Chief
Executive Olli-Pekka Kallasvuo.

* Goldman Sachs (GS.N: ) executive Fabrice Tourre denied fraud
and other accusations by U.S. regulators for his role in
marketing a subprime mortgage product and asked a court on
Monday to dismiss the case. [ID:nN19222586]

* U.S. President Barack Obama and British Prime Minister
David Cameron will hold talks on Tuesday overshadowed by
controversy over BP Plc (BP.L: )(BP.N: ) that could test the vaunted
“special relationship” between their countries.

* In macro economic news investors will eye U.S. housing
starts at 1230 GMT. Economists in a Reuters survey forecast a
580,000 annualized rate versus 593,000 in May, and a total of
570,000 permits in June compared with 574,000 in the prior
month.

* Other economic news is the release of the Redbook Weekly
U.S. Retail Sales at 1255 GMT.

* The dollar eased on Tuesday, inching closer to a two-month
low versus the euro hit last week as investors continued to cut
long positions on more disappointing U.S. economic data.

* European shares edged up on Tuesday, supported by gains in
miners, but sentiment was fragile ahead of results from Goldman
Sachs (GS.N: ) while Cable & Wireless Worldwide (CWP.L: ) plunged
after cutting its forecast.

* Oil climbed to $77 on Tuesday as forecasts for a fourth
consecutive weekly drop in U.S. crude inventories bolstered the
positive influence of rising stock markets in most of Asia.

* U.S. stocks (Read more about the stock market today. ) rose on Monday, spurred by optimism ahead of
earnings from key technology companies and after Dow component
Boeing announced strong orders. [ID:nN19216422]

The Dow Jones industrial average (.DJI: ) added 0.6 percent,
the Standard & Poor’s 500 Index (.SPX: ) rose 0.6 percent and the
Nasdaq Composite Index (.IXIC: ) gained 0.9 percent.

Stock Market

(Reporting by Joanne Frearson; Editing by Hans Peters)
([email protected]; +44 207 542 2773, Reuters
Messaging:[email protected]))

U.S. stock index futures down; Goldman results eyed