The FTSE 100 is expected to claw back around 15 points to open at 7,709.60 when trading gets underway in the City, according to the spread betting firms.
The latest consumer spending data from Visa, while not an official baseline, showed a decline in general household spending.
US equity markets ended relatively flat, while Asian markets were generally upbeat this morning.
Food retailer WM Morrison is due to set out its stall by reporting on its performance over the key Christmas period, while housebuilders also come to the fore with Persimmon due to release earnings for the fourth quarter.
Prime Minister May's cabinet re-shuffle has been widely slated in the media as lacking substance, as MP's appeared to choose their own positions on the front bench.
After a week of daily gains, the Dow Jones waned 12.87 points to close at 25,283.
The broader-based S&P 500 added 4.56 points (0.17%) to end at 2,747.71 and the tech-focused NASDAQ gained 20.83 points (0.23%) to 7,157.39.
At around 6:15am, West Texas Intermediate was up 0.68% at $62.15 per barrel and Brent was 0.55% higher at $68.15 per barrel.
Gold was 0.02% lower at $1,320.20 an ounce, silver was up 0.06% and copper was 0.26% higher.
Trading Announcements: Carr's, Ferrexpo, Joules, WM Morrison, Persimmon, Robert Walters, SIG, Stock Spirits, Topps Tiles and Majestic Wine.
Interim Results: Games Workshop and Ilika.
Final Results: Elegant Hotels, John Lewis of Hungerford, Nexus Infrastructure and Safestore.
AGM's: Weatherly International and Carr's.
Economic Releases: BRC Retail Sales Monitor.