S&P Futures

US stocks rallied in late trading after hitting the 10 day support. After the bell Apple posted a quarterly profit that more than tripled on strong sales of its iPod digital music players. Texas Instruments maker of chips for cell phones, reported higher first-quarter profit & rose to $29.20. AMD Advanced Micro reported stronger sales of processors and flash memory& rose to $17.39.

UK Technology stocks could rise on the news but big falls in Asian stocks could drive European markets lower. Smallcap shares seem to be heading back down again after such a good rise over the last 12 months.

GUS, Argos sales grew to 4% up from 3% in Q4, boosted by new season products after a disappointing slip over Christmas. It also owns Experian, which provides credit checks and marketing services rose by 5% in line with forecasts. Its Homebase home improvement stores rose 5% in the five months.

Sage said first half profits were ahead of expectations at approximately 87 million beating expectations and growth of 17% on the same period last year.

Big Food Group sales rose 1.4% in its fourth quarter but this was a slowdown of 2% in its third quarter. Iceland frozen food chain fell 0.2 percent in the quarter while Booker saw sales rise 1.2 percent, down from 1.6 percent previously. Further profits are expected to come for cost cutting rather than sales growth.

DFS Furniture (I),

Wealth Management Software (AIM) (F),

Sage (Trading), Big Food (Trading), GUS (Trading), Associated British Ports (AGM), CW Residential (AGM), Kpn (AGM),

Pendragon (AGM)

10:00 BCC Quarterly Economic Survey

IBM,

13:30 Initial Claims 04/10 335K 13:30 NY Empire State Index Apr 28.5 19:00 Philadelphia Fed Apr 26.0