U.S. stock index futures fall; eyes on Citi, IBM

* U.S. stock index futures pointed to a lower open on Wall
Street on Monday, with futures for the S&P 500 (SPc1: ) down 0.54
percent, Dow Jones (DJc1: ) futures down 0.63 percent and Nasdaq
100 (NDc1: ) futures down 0.51 percent at 0856 GMT.

* All eyes were on earnings, with results expected from IBM
(IBM.N: ), Citigroup (C.N: ) and Apple (AAPL.O: ).

* The Federal Reserve releases industrial production and
capacity utilization data for September at 1315 GMT, and the
National Association of Home Builders/Wells Fargo issues October
housing market index at 1400 GMT.

* Philips Electronics (PHG.AS: )(PHG.N: ) said on Monday it was
cautious about sales growth as consumer confidence remains
fragile, after third-quarter operating profit beat forecasts on
cost cuts, sending its shares down 4 percent. [ID:nLDE69H087]

* BHP Billiton (BHP.AX: ) and Rio Tinto (RIO.AX: ) ditched plans
to form the world’s biggest iron-ore joint venture, in a victory
for steel makers and a move that could prompt both miners to
step up competing expansion plans. [ID:nSGE69G02M]

* Private equity firm Kohlberg Kravis Roberts & Co (KKR.N: )
has offered up to $1.73 billion for Australian fund manager
Perpetual (PPT.AX: ), reigniting merger interest in Australia’s $1
trillion wealth management sector. [ID:nSGE69H00G]

* Oil fell towards one-week lows on Monday as a rebound in
the dollar prompted investors to halt their charge into
commodities, while waiting for details about possible U.S.
economic stimulus measures. [ID:nSGE69H041]

* The U.S. dollar bounced from a 10-month low against a
basket of currencies on Monday, as investors trimmed bearish
bets against the greenback on some uncertainty how much easing
the Federal Reserve will resort to.

* European stocks inched lower in morning trade, trimming
last week’s gains as heavyweight miners fell along with metal
prices.

* A blowout quarter from Google sent the Nasdaq up over 1
percent on Friday, while uncertainty surrounding major banks’
exposure to foreclosure losses dragged the Dow lower.

* The Dow Jones industrial average (.DJI: ) dropped 31.79
points, or 0.29 percent, to 11,062.78. The Standard & Poor’s 500
(.SPX: ) gained 2.38 points, or 0.20 percent, to 1,176.19. The
Nasdaq Composite (.IXIC: ) rose 33.39 points, or 1.37 percent, to
2,468.77.

* For the week, the Dow rose 0.5 percent, the S&P 500 added
0.9 percent and the Nasdaq Composite gained 2.8 percent.
(Reporting by Blaise Robinson; Editing by Louise Heavens)

U.S. stock index futures fall; eyes on Citi, IBM