European markets are expected to open higher this morning, continuing last week's rebound.
It's a slow day for economic data as investors await figures from Europe later this week- manufacturing and services PMIs from Germany and France- as a further indicator of the Eurozone's health.
From the UK, Wednesday will bring the Bank of England's verdict on interest rates, and Friday GDP numbers, which are expected to show economic growth slowed slightly in the second quarter.
While the BoE is expected to vote to keep interest rates at 0.5 per cent, all eyes will be on the two dissenters on the monetary policy committee, which last month voted in favour of raising rates, and whether they change their minds in the light of a slowdown in inflation and other economic indicators.
Tesco's investigation into a £250m profit blackhole is understood to have found evidence that a small group of staff deliberately misled its auditors which is to blame for its profits overstatement, rather than accounting issues. The supermarket is due to report half year results on Thursday and an update on the investigation.
Brewing giant Greene King has upped its bid for pub chain Spirit Pubs to 109.5 pence per share after its previous offer was rebuffed.
Shire's interim finance chief James Bowling is stepping down to take up a permanent head of finance role at Severn Trent. The pharmaceutical firm, once a target of a takeover by AbbVie, will begin the hunt for a new finance chief immediately.
IBM is due to make "a major business announcement" today in which it's expected to hive off its loss-making chipmaking business.
BSkyB is said to be in early-stage talks with Vodafone, EE and O2 about capacity to launch its own Sky branded mobile network, The Times reports.
Data in focus
- 07:00am: German producer price index