London stocks were set to rise at the open on Monday following a positive session in Asia. The FTSE 100 was called to open 35 points higher at 7,194.
CMC Markets analyst Michael Hewson said: “Despite a decent rebound on Friday, European and US markets both found themselves finishing the week lower, as sentiment ebbed and flowed on a day-to-day basis.
“While the rebound on Friday was a welcome relief, it didn’t change the fact that markets are increasingly pricing the prospect that the global economy is heading for a sharp slowdown, and that the overall trend remains one of selling rebounds.
“Today’s European open looks set to continue this firmer theme, with a slightly weaker US dollar helping to support sentiment, as commodity prices also rebound from recent lows.”
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.