Overnight Asian stocks rose following the US Senate's approval of a budget blueprint late last night. MSCI's broadest index of Asia-Pacific shares outside Japan, was up 0.3%, whilst Japan's Nikkei rose 0.1%.
The UK's main market has opened up 0.41%, despite reports that EU leaders have rejected Theresa Mays appeal to break deadlock on Brexit negotiations and move to trade talks.
08:30 – UK public sector net borrowing (September)
14:00 – US existing home sales (September)
17:00 – US Baker Hughes oil rig count
Asian stocks were mixed after fresh data showed China's economic growth slowed slightly to 6.8% in the third quarter compared with the previous year, which was softer than the 6.9% growth in the previous quarter. That caused China's yuan and stocks to cool, with the Shanghai index falling 0.4%.
Europe has seen a mixed start too.
• 08:30 – UK retail sales
• 08:00 – Deadline to confirm if Catalonia declared independence or not
• 12:30 – US initial jobless claims (13 October)
As investors wait for the latest set of earnings and data, European markets are expected to open higher this morning.
Data to look out for includes:
08:10 – European Central Bank President Mario Draghi speech
08:30 – UK unemployment rate (August), average earnings (August)
14:30 – US EIA crude oil stocks change (13 October)