The FTSE 100 was called to open six points higher at 7,888.
CMC Markets analyst Michael Hewson said: “As we look ahead to another week, the main focus is going to be on tomorrow’s US January CPI report, along with retail sales later in the week. Better than expected numbers are unlikely to be positive in the context of being near a peak for US rates.
“It’s also a big week for UK economic data after last week’s Q4 GDP numbers which showed the economy stalled. While there were some pockets of strength there is little doubt that the UK economy remains fragile and will continue to remain so as we look towards Wednesday’s CPI and tomorrow’s wages data.
Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.