The FTSE 100 is expected to open higher following the recent sell-off and add around 31 points at the start of trading, according to financial spread betting firms.
Outsourcing companies remain in the spotlight after Capita's profit warning, which resulted in around 50% of its share value being removed.
This is especially poignant, coming so soon after the demise of Carillion, another government contractor.
Housebuilders are also under further pressure with the UK government indicating that it may be prepared to withdraw planning permission on land that isn't being developed.
Key Corporate news today includes trading updates from Vodafone and Glencore, while final results are due from Shell and Unilever.
In the US, the Dow ended 72.5 points higher at 26,149.39, the S&P 500 added 1.38 points to close at 2,823.81 and NASDAQ finished the session 9 points stronger at 7,411.48.
In Asia this morning, the Nikkei 225 was 384.78 points higher at 23,483.07 heading into the close.
Meanwhile, the Hang Seng was down 124.7 points at 32,762.57 and the Shanghai Composite was 44.15 points lower at 3,436.69.
At around 6:10am, WTI crude was 0.2% higher at $63.86 per barrel and Brent was up by a similar amount at $69.04 per barrel.
Gold was 0.32% higher at $1,347.4 per ounce, silver was up 0.17% and copper by 0.28%.
Trading Statements: AG Barr, T Clarke, Cranswick, Euromoney Institutional Investor, Glencore, Intermediate Capital, 3i, RPC, UK Commercial Property Trust and Vodafone.
Final Results: Shell and Unilever.
Interim Results: F&C Managed Portfolio Trust, Rank and UK Commercial Property Trust.