Proactive Investors - The FTSE 100 is expected to make solid progress at the open on Monday after European and US officials attempted to calm renewed jitters in the banking sector.
Spread betting companies are calling London’s lead index up by around 58 points.
On Friday, spikes in credit default swaps prices caused sharp falls in the price of Deutsche Bank (ETR:DBKGn) In particular but the German Chancellor, president of the ECB and the US Treasury Secretary all spoke to reinforce the strength of the banking sector.
This calmed nerves in the US where markets closed higher with the Dow Jones Industrial Average up 0.4%, the S&P 500 up 0.6% and the Nasdaq Composite up 0.3%.
In Asia on Monday, stocks were mixed. The Nikkei 225 index in Tokyo was up 0.5%. In China, the Shanghai Composite was down 0.7%, while the Hang Seng index in Hong Kong was down 0.7%.
Monday's economic calendar has the Ifo German business climate index while Bank of England Governor Andrew Bailey is due to speak after the market close. The early focus will be a trading statement from cruise ship operator Carnival (NYSE:CCL).