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*
GE's <GE.N> shares fell 1.2 percent to $27.66, while Honeywell <HON.N>
was unchanged at $98.50 in premarket trading.
* Global stocks advanced, taking a cue from Thursday's rally in
U.S. stocks, which rose to their highest in eight weeks on
strong results from Citigroup <C.N> and positive data.
* The dollar <.DXY> rose against a basket of currencies after
Thursday's data rekindled hopes that the Federal Reserve would
raise interest rates this year.
* The Fed, which kept rates at near-zero levels at its September
meeting, is waiting for signs of stabilizing inflation and
sustained economic recovery before it pulls the trigger.
* S&P 500 companies are expected to report a 4 percent fall in
third-quarter profit, the biggest decline in six years,
according to Thomson Reuters data.
* U.S. industrial production in September, due at 9:15 a.m. ET
(1315 GMT), is expected to have shrunk 0.2 percent, after
falling 0.4 percent in August.
* The University of Michigan's preliminary index on consumer
sentiment for October, which is forecast to rise to 89 from a
final reading of 87.2 in September, is due at 10:00 a.m.
* Youku Tudou <YOKU.N> jumped 22.2 percent to $24.96 after
Alibaba <BABA.N> offered to buy the video-streaming company for
$26.60 per American Depository Share. Alibaba was up 1 percent
at $72.50.
* Wynn Resorts <WYNN.O> fell 9.6 percent to $66.70, a day after
the casino operator reported third-quarter results below
expectations.
* Zafgen <ZFGN.O> slumped 28.4 percent to $15.05 after the
company said its obesity drug trial been put on partial clinical
hold by the U.S. FDA.
(Changes time in paragraph seven to "9:15 a.m. ET (1315 GMT)"
from "8:00 a.m. ET (1200 GMT)")
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by
Saumyadeb Chakrabarty)
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