S&P Futures

U.S. stocks tumbled again on worries about interest rates, the worsening Iraq situation and the morning's first-quarter GDP report which showed the economy grew at a 4.2 percent annual rate short of the 5 percent rate economists had expected.

WPP advertising said revenues for the three months to March 31 climbed over 12 percent, with North America up almost 11 percent, the UK up almost 12 percent, Continental Europe up more than seven percent, and Asia Pacific, Latin America, Africa and the Middle East up more than 28 percent.

Pearson media said it was trading in line with its expectations and gave a bright outlook with trading prospects at their best for three years.

SIG distributor of insulation products said like-for-like sales were ahead in its three regions in 2004, and it saw some growth through acquisition during the year.

Pubs 'N' Bars (F),

Genetix (AGM), Irish Continental Uts (AGM), Johnston Press (AGM), Pearson (AGM & Trading), Portman (AGM), TF & JH Braime (AGM), WPP (Trading)

Procter & Gamble, ChevronTexaco, Avon Products, CIGNA, Biogen

13:30 Personal Income (0.4%), Spending (0.7%) 15:45pm Mich Sentiment-Rev. (94) 15:00 Chicago PMI (60.3)

Volkswagen, Metro, Alcatel, Vallourec, Metropole Television, Equant NV

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