London stocks will be looking to consolidate yesterday's gains at the outset.
Spread betting quotes suggest the FTSE 100 will open little changed from last night's close of 6,109.
“Equity markets continue to trade cautiously in the wake of last week’s decision by the Federal Reserve to hold interest rates at current levels,” notes Michael Hewson, chief market analyst at spread betting firm CMC Markets..
“Both European and US markets regained a little bit of equilibrium after Friday’s sharp down moves prompted concerns that the US central bank had significant worries about events in China,” Hewson added.
US markets moved higher yesterday, despite weakness of biotechs. The Dow Jones advanced 125 points to 16,510, while the S&P 500 climbed nine points to 1,967. At one point, the Nasdaq Composite was in the red, but recovered to finish a couple of points higher on the day at 4,829.
Chinese stocks this morning were on the rise. In Hong Kong, the Hang Seng was 162 points heavier at 21,924 while in Shanghai the Composite index was 20 points higher at 3,178.
Closer to home, a relatively quiet day is in prospect in terms of results from the big guns.
Irn-Bru maker AG Barr (LON:BAG) and motorist services provider AA (LON:AA.) are among those set to update the market early doors, while dual-listed cruises operator Carnival (LON:CCL) will unveil its third quarter figures later in the day.