Stock index futures pointed to a stronger open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.9-1.0 percent.
Alcoa's Chairman and Chief Executive Klaus Kleinfeld expects the global aluminum market to turn into a deficit this year, as biggest consumer China closes inefficient capacity even though demand remains robust.
TSMC <2330.TW>, the world's top contract chip maker, posted its lowest sales in 22 months in December as the semiconductor industry struggles with shrinking demand and a slowing economy, but it managed to post humble growth for the full year, outshining smaller cross-town rival UMC <2303.TW>.
Liz Claiborne Inc
Raymond James Financial Inc
Ford Motor Co
The U.S. Securities and Exchange Commission has urged banks to publish more details about their exposure to European sovereign debt, a factor in the recent bankruptcy of the futures brokerage MF Global Holdings Ltd
The euro currency held its ground in Asia on Tuesday but faces pressure later this week ahead of Italian and Spanish debt auctions. The euro stood at $1.2767 after an overnight bounce off a 16-month low of $1.2666. Traders said buying ahead of a $1.2650 option barrier prompted some short-covering as Japanese traders returned after a holiday.
KKR & Co
The FTSEurofirst 300 <.FTEU3> index of top European shares rose 1.5 percent, led by mining stocks, following encouraging results from Alcoa.
U.S. stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.
The Dow Jones industrial average <.DJI> gained 32.62 points, or 0.26 percent, to 12,392.69. The Standard & Poor's 500 Index <.SPX> gained 2.89 points, or 0.23 percent, to 1,280.70. The Nasdaq Composite Index <.IXIC> gained 2.34 points, or 0.09 percent, to 2,676.56.
(Reporting by Blaise Robinson; Editing by Helen Massy-Beresford)