Heartened by a strong showing yesterday on Wall Street, the UK's top shares index is set to open with close to a triple-digit gain.
Spread betting quotes suggest the FTSE 100 will open at around 6,242, having closed last night at 6,146.
In Wall Street yesterday, stocks broke a three session trading slump. At the close of trading, the Dow Jones Industrial had jumped 1.4% to 17,483 while the S&P 500 was up 1.5% at 2,053. The Nasdaq Composite climbed 1.2% to 4,985.
Asian markets were looking similarly buoyant heading towards the close, with the Nikkei 225 up 1.2% at 19,631 in Japan and the Hang Seng 1.6% better at 22,366 in Hong Kong.
“Equity markets are clearly either adapting to terror-related events or yesterday was another example that whenever something bad happens it implies the need for more monetary stimulus, and hence must be 'good' for stocks,” suggested the team at Rabobank Financial markets.
On the economic front, inflation data will be in focus in the UK today.
“The key concern of the BoE [Bank of England] appears to be that core inflation is showing little sign of improving despite tighter labour market conditions but I don’t think it would take too much for the concern to shift from few signs of inflationary pressures to fears that it will rise too rapidly once it starts, which appears to be the fear at the Fed,” writes Craig Erlam, at FX-trading firm OANDA.
“UK CPI [consumer price index] is expected to remain in deflation territory in October, with the core reading at 1%, highlighting that it’s not just energy and food prices that are bringing the deflationary pressures, although they are largely responsible,” Erlam notes.
Turning to the corporate agenda, safety-focused technologies holding company Halma (LON:HLMA) and real estate investment trust British Land (LON:BLND) release interim results and Irish bookie Paddy Power (LON:PAP) puts out a trading statement.