S&P Futures

US. stocks closed barely changed after see-sawing on both sides of breakeven throughout the session as investors took in the discovery of a poisonous substance in a U.S. Senate mail room. Cisco had better-than-expected sales and earnings but its stock fell back.MmO2 mobile phone company, said it had won 855,000 new subscribers in its British, German and Irish markets in the Christmas quarter of 2003, topping expectations. Analysts had pencilled in new subscribers of between 590,000 and 695,000. Subscriber revenues were also robust climbing 8.5% to 264 pounds per customer for 12 months.

Scottish Power reported a rise in third-quarter earnings that was at the low end of forecasts with third quarter earnings per share rose to 10.2 pence from 10.02 pence a year earlier against analysts forecasts of around 10.3 pence. Profit rose 2.4 percent from last year to 258 million pounds although this was also below many analysts' forecasts.Bellway builder of low-cost homes said it expected to beat current market expectations for the full year, on a surging number of houses built during the second half.

British Airways (Traffic) Mm02 (Q3 KPIs), Scottish Power (Q3)

09:30 Jan services PMI, 58.5 prev.

International Paper (Q4), Boston Scientific (Q4),Cisco (Q2), Sprint (Q4), Colgate-Palmolive (Q4), Tyco (Q1), Chubb (Q4), Mattell (Q4), Anheuser Busch (Q4), Allstate (Q4), Pixar (Q4),Northrup Grumman (Q4)

15:00 Dec durable goods R

15:00 Dec factory orders, 1.3% exp. 15:00 Jan non manufacturing ISM, 59.8 exp.

DaimlerChrysler (F), France Telecom (Turnover)

Henkel (F), AXA (Turnover), Nexans (F)

Wella (EGM) Ixos Software (Q2), Infogrammes (9M)

09:00 Jan services PMI, 57.0 exp.

11:00 Jan flash HICP y/y, 2.05% exp.

Ex Dividend: Carpetright Plc (17), Computerland Plc (1.35), Coral Products Plc (1.05), DS Smith PLC (2.8), Electra Kingsway VCT PLC (0.9), First Technology Plc (3.5), Fletcher King Plc (0.3), Fountains plc (1.92), Halladale Group Plc (0.7), Hardys & Hansons Plc (11.5), IFX Group PLC (0.25), Latchways Plc (3.18), NHP Plc (2.25), Smith WH Plc (0.742868), Somerfield Plc (0.6), SSL International Plc (3.9), Victrex Plc (5.3), Warner Estate Holdings Plc (8.25), Widney Plc (0.5), Wyndeham Press Group Plc (1.5)

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