S&P Futures

Hang Seng drops on latest S.A.R.S fears.  Commerzbank Q1 profits surge. BBVA, Spains number 2 bank results well ahead of expectations.  Sanofi raises its bid to $69 a share for Aventis. Puma raises profit forecast.

W.H Smith, Waterstones may join in the battle to buy the company.

Smiths Group has bought TRAK Communications Inc, a manufacturer of microwave sub-systems, for 63 million pounds making it the groups 5th acquisition since March.

Centrica has reached an agreement to buy the retail gas and electricity businesses of Canada's ATCO Group for C$90 million which is less than the C$128.5 million previously announced

London Bridge: U.S. software firm Fair Isaac Corp said it had agreed to buy the company for 95 pence per share, a 54 percent premium to Friday's nights close.

 Bede (F), Coliseum (F), Hansard (F), Ocean Wilson

ARM Holdings (AGM)

EDS (Electronic Data Systems)

15:00 Existing + New Home Sales (1168K)

Puma, Rudolf Dassler Sport,Schering

Michelin, Gemplus International,

David@SnappyTrader.com   www.SnappyTrader.com