The FTSE 100 is expected to add around 33 points at the start of trading, according to the spread betting firms, following a positive session for stocks in Asia.
Trading updates from easyJet, Marston's and Pets At Home are likely to attract the majority of attention in the City, along with today's public sector borrowing numbers and the CBI's survey results on business optimism and industrial orders.
In the US, the Dow last closed 142.88 points higher at 26,214.60, the S&P 500 climbed 22.67 points to reach 2,832.97 and the NASDAQ gained 71.65 points to 7,408.03.
In Asia, the Nikkei was 307.82 points higher at 24,124.15, heading into the close, and the Hang Seng was up 441.85 points at 32,835.26.
The Shanghai Composite was up 30.01 points, or 0.86%, at 3,531.37.
At 6:20am, WTI crude was 0.72% higher at $64.03 per barrel and Brent was up 0.61% at $69.45 per barrel.
Gold was 0.37% firmer at $1,336.80 per ounce, silver was up 0.36% and copper by 0.20%.
Trading Statements: Cairn Energy, Dixons Carphone, DP Eurasia, easyJet, Marston's, Paragon, Pets At Home and SSP.
Interim Results: IG Group.
Final Results: Benchmark, Harwood Wealth Management Group and Velocity Composites.
AGM's / EGM's: Advanced Oncotherapy, Connect Group, Mitchells & Butlers AND Marston's.
Economic News: Public Sector Net Borrowing and CBI Industrial Order Expectations.