London stocks were set to rise at the open on Monday, taking their cue from a positive session in Asia as investors mull the latest Chinese PMI data.
The FTSE 100 was called to open 19 points higher at 6,426.
CMC Markets analyst David Madden said: “At the weekend, China announced its official manufacturing PMI and non-manufacturing PMI reports. The manufacturing reading for January was 51.3, slightly ahead of economists’ forecasts, but it cooled from the 51.9 posted in the previous update. The non-manufacturing update was 52.4, down from 55.7 in December. Overnight, the Caixin survey of Chinese manufacturing was 51.5, while economists were expecting 52.6. The December reading was 53.
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