Declines in both Asia and the US overnight are expected to have a negative, albeit small, impact on UK stocks this morning.
City sources predict the FTSE 100 will open around eight points below yesterday's close of 6,802.00.
Lee Mumford at SpreadEx said: "FTSE futures are indicating a slightly lower start to the day following losses on Wall Street yesterday evening. Markets are likely to be subdued ahead UK retail sales and the Bank of England's meeting minutes. Stirling remained steady against the dollar
as investors remained reluctant to place their bets ahead of the key economic data.
"Gilts will also be one to watch, likely to start mixed ahead of retail sales which will show how enthusiastic consumers were in the last month, whilst the meeting minutes could show when the Bank of England may finally raise rates."
Stocks in Asia slipped for a fourth session after a report from the Bank of Japan revealed that officials opted to maintain its current monetary stimulus policy.
Today it will be the turn of the Bank of England (BoE) and the US Federal Reserve to release minutes from their own latest policy meetings.
The BoE earlier this month decided to keep interest rates at 0.5% and its bond-buying programme unchanged at £375bn.
Low borrowing costs have helped to boost the housing market, but some fear accelerating prices may lead to a bubble.
Carney at the weekend warned that rising house prices were the biggest risk to Britain's economic recovery, fuelling speculation that the BoE might raise rates at its next meeting.
The minutes may shed light behind the central bank's decision to maintain policy.
In the US, the Fed's minutes will also provide details on its move to pare bond purchases last month.
Policymakers at the time said the economy is showing signs of picking up and the job market is improving. The Fed also said further tapering in measured steps was likely.
The release of the minutes come after Charles Plosser, the Philadelphia Federal Reserve President, last night warned the current rate of tapering set forth by the Fed could be too slow in the US economy continues to recover as expected.
In a speech given in Washington, he said this could mean a rate hike needs to occur "sooner rather than later".
"As we continue to move closer to our 2% inflation goal and the labor market improves, we must be prepared to adjust policy appropriately," he said.
Meanwhile, Plosser's counterpart in New York, William Dudley, said in his own speech that the Fed would raise rates only after "a considerable period of time" after the final asset purchase, which he anticipated would happen in the autumn.
Back in the UK and in this morning's company news, Burberry said its annual revenue rose 17% to £2.3bn, driven by strong retail sales. The luxury fashion house reported adjusted pre-tax profit of £461m in the year to end of March 2014, up 8% on the previous year.
Soft drinks group Britvic served up a 20% increase in interim profit, as it continues with its cost saving programme, and underlined its confidence in future trading with 13 per cent hike in its interim dividend. Pre-tax profit jumped 20.8% to £45.3m for the 28 weeks ended April 13th, while revenue increased to £670.7m from £639.2m the same time a year earlier.
Electricity and gas supplier SSE said profits from supplying households and businesses fell by nearly a third due to lower energy use and higher costs, but still boosted underlying annual group profits by 9.6% to £1.5bn and hiked its dividend by 3%.