U.S. stock index futures signal falls; G20, earnings eyed

* U.S. stock index futures pointed to a slightly lower
opening for Wall Street on Friday, with futures for the S&P 500
(SPc1: ), for the Dow Jones industrial average (DJc1: ) and for the
Nasdaq (NDc1: ) all down by around 0.1 percent by 0914 GMT.

* Some caution was expected ahead of the conclusion of a
Group of 20 meeting in South Korea, which is seeking to tackle
economic imbalances and fend off the prospect of damaging
currency devaluations.

* The dollar pared its losses on wariness over whether any
clear agreement would be reached at the meeting, and the U.S.
urged countries to avoid using their currencies to gain an
economic advantage. [ID:nTOE69L00U]

* U.S. corporate earnings in focus on Friday include Verizon
Communications (VZ.N: ), which is expected to lose some ground for
now to rival AT&T, the exclusive U.S. carrier of Apple’s iPhone.
Some analysts, however, are optimistic about the future amid
speculation that the iPhone may finally come to Verizon
customers next year.

* Other companies expected to report earnings include
manufacturer Honeywell (HON.L: ) and oilfield service provider
Schlumberger (SLB.N: )

* In company news, AIA, the Asian life insurance arm of AIG
(AIG.N: ), is set to raise $17.9 billion after pricing its Hong
Kong IPO at the top of its range, as investors piled into a
company with a wide footprint across rapidly growing Asia.

* Genzyme (GENZ.O: ) will meet investors in New York to argue
its case for rejecting an $18.5 billion offer from French
drugmaker Sanofi-Aventis (SASY.PA: ). The U.S. biotechnology
company will provide a 2011 earnings forecast, which, if higher
than analysts are expecting, could lead Sanofi to raise its bid.

* Wall Street edged higher late on in a choppy session on
Thursday, buoyed by strong earnings but a firmer U.S. dollar
limited gains.

* Shares in American Express (AXP.N: ) and SanDisk (SNDK.O: )
were among those to rise after the closing bell following the
release of their earnings, while Baidu Corp (BIDU.O: ) slipped in
extended trade after its results.

* On the economic front, two top Federal Reserve officials
gave competing views on the need for more monetary stimulus to
the U.S. economy, continuing a public debate over further easing
even though the core view at the central bank appears to favour
such a move. [ID:nN21128261]

* Growing speculation in recent weeks that the Fed will
extend quantitative easing measures at its next meeting in
November has put pressure on the dollar while boosting equities,
but uncertainty over how much the central bank might inject into
the economy has caused some choppiness in markets.

In Europe, the FTSEurofirst 300 (.FTEU3: ) index of top shares
was down 0.2 percent by 0914 GMT, with mining shares among the
heaviest fallers.
(Reporting by Harpreet Bhal; Editing by Greg Mahlich)

U.S. stock index futures signal falls; G20, earnings eyed