S&P Futures

US stocks sank as investors worried about higher interest rates, rising oil prices and Friday's jobs report.

The FTSE is expected to start positive but with big worries over oil prices they are likely to remain under pressure. Watch out for any companies which could be affected by higher fuel costs such as airlines. Currently oil is trading just under $40 a barrel. The retail sector may fall back following the increase in interest rates yesterday.

Main water companies plan to raise customers' bills as part of a multi-billion pound programme to fund the upgrade of outdated sewage systems and provide cleaner drinking water. United Utilities said it expected to spend 3.2 billion pounds from 2005-2010 as part of this programme, while Severn Trent envisage spending 2.9 billion pounds.

Reg Vardy car dealer said profits would be in line with market expectations

Cattles lender and debt collector said that trading in the first quarter was in-line with expectations and it was confident of a successful year

Amersham (AGM), Foreign & Colonial Inv Trust (AGM), Premier Oil (Update)

FirstEnergy

13:30 Average Workweek, Hourly Earnings 13:30 Nonfarm Payrolls, Unemployment Rate 15:00 Wholesale Inventories 22:00 Consumer Credit

Deutsche Boerse, Epcos,  

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