U.S. stock index futures pointed to a 1 percent drop at the open on Tuesday as poor results from Swiss lender UBS and a shake-up in British banks weighed on investor sentiment ahead of the start of a two-day Fed meeting.
* Britain's two largest retail lenders, part-nationalized Royal Bank of Scotland Plc
* Higher-than-expected accounting charges pushed UBS
* The Federal Open Market Committee begins a two-day meeting on interest rate policy and are expected to keep interest rates close to zero.
* Australia's central bank raised interest rates for a second straight month as it withdrew stimulus from an improving economy, but was careful not to fuel expectations for another hike in December.
* Shares of Ford Motor Co
* The U.S. Commerce Department is to release September factory orders at 10 a.m. EST. Economists expect orders to rise 0.8 percent, compared with a 0.8 percent fall in the prior month.
* S&P 500 futures fell 9.1 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures tumbled 83 points, and Nasdaq 100 futures fell 12.75 points.
* Stanley Works
* Dow component Kraft Foods Inc
* Quarterly results are also due from MasterCard Inc
* Redbook releases its retail sales index of department and chain store sales for October versus September. In the prior period, sales were up 1.8 percent.
* U.S. stocks rose on Monday after another round of solid economic reports but eased from session highs after a Federal Reserve official warned about banks' loan losses.
(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)