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In the U.S. Big IBM sales grew 9%, below Wall Street forecasts, while earnings rose 5%. But despite a strong earnings report and forecast from Intel the major indexes were unable to sustain the opening surge as some felt stocks had risen far enough.

WH Smith recently said sales had been flat in recent weeks as it announced a drop in year profits.to 102 million pounds compared with analysts' downgraded forecasts of 100-104 million pounds following a year-end profit warning. In the six weeks to October 11sales at the main store chain were flat in "extremely testing" conditions

Morning news will be posted at approx 7:35

N. Brown Group home shopping company through catalogues posted a 7.4-percent fall in first-half profits as its core market remained challenging, although it added it saw signs of recovery. Profits were 25.1 million pounds down from 27.1 million pounds in the year-ago period.

Prudential reported a 10 percent fall in insurance sales in the first nine months but said it saw positive trends emerging. Group insurance sales were 1.2 billion pounds in line with analysts' consensus estimate of 1.224 billion pounds.

Wolfson Microelectronics WLF_w said it will have a market value of 214 million pounds when its shares start trading on the London Stock Exchange

Mouchel Parkman (F),

N Brown Group (I),

WH Smith (F)

Prudential Q3 Group Sales

11.00 BCC Quarterly Economic Survey

eBay (Q3), Honeywell (Q3), MBNA (Q3), Office Depot (Q3), Sears Roebuck (Q3), Sun Micro (Q3), Ford (Q3), Hershey Foods (Q3), Mattel (Q3),

13.30 Sep CPI m/m 0.2% exp. 13.30 Initial Jobless Claims (w/e 11/110) 385k exp. 13.30 Aug Business Inventories 0.1% 14.45 Sep Industrial Production 0.4% exp. 14.15 Sep Capacity Utilization 74.8% exp. 17.00 Oct Philly Fed 16.0 exp. 18.00 Oct NAHB Housing Market Index 67.0 exp.

Danone (Q3), Gucci (Q2), Nokia (Q3),

Roche (Q3), SAP (Q3), Thales (Q3),

Printemps (Q3)

11.00 Sep CPI y/y

David@FTSEDOW.com     www.FTSEDOW.com