S&P Futures

U.S. stock markets suffered heavy losses with the DOW heading quickly South towards 10,000 on renewed concerns about global terrorism and the state of the American economy. The U.S is expected to keep interest unchanged at the FOMC meeting.

UK house prices have accelerated to near the years high

Celltech biotechnology reported earnings up three percent per share to 16p which met market expectations and said it expected to find a new partner for its biggest drug hope in the second quarter of 2004.

Computacenter beat forecasts with a 18.3 percent rise to 65.2 million pounds and signalled optimism market conditions were improving.

John Menzies airport services and newspaper distribution firm said annual operating profit rose 15 percent to 25.2 million pounds and both its divisions had entered 2004 positively. 18p DividendBenfield reinsurance broker said that full-year trading profit rose 30 percent in line with market expectations to 88.5 million pounds,, as it increased profit in the United States.

Mersey Docks and Harbour were in line with a one percent rise in 2003 profits to 55.2 million pounds and said it expected earnings growth this year.

Interior Services (I),Abbot Group (F), Benfield Group (F), BPP Holdings (F), Celltech (F), Computacenter (F), Delta (F), Gowrings (F), Highway Insurance (F), Interior Services (F), iTouch (F), John Menzies (F), Mersey Docks (F), PSD Group (F), Spectris (F), Spring Group (F), Staffware (F), Weir Group (F), Wyevale Garden Centres (F),Workspace Group (EGM. Feb CPI, RICS Feb Housing Market Survey (00:30)

General Mills Inc, KB Home Lehman Brothers

13:30 Building Permits 13:30 Housing Starts 19:15 FOMC Meeting

SGL Carbon, Mobilcom Oberthur, Card Systems AGF Assurances

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