City sources predict the FTSE 100 will open 15 points up from Friday's close of 6606.58 ahead of a quiet day in the markets in the lead up to Christmas.
There are no economic data releases in the UK today but the US will see the release of data on personal consumption, personal income and the University of Michigan's confidence.
Back on this side of the Pond, Business Secretary Vince Cable has warned that interest rates my need to rise to constrain a housing boom in London and the south-east.
Speaking on BBC1's Andrew Marr Show, he said there was a risk that large parts of London could be inhabited only by foreigners and bankers as house prices accelerated - unless the Bank of England (BoE) raises interest rates.
However, he noted that an increase in the Bank Rate could have a negative impact on UK manufacturing because exchange rates
would rise to hurt exports.
He also called for the government to reconsider its Help to Buy scheme, which has spurred the market.
Cable said: "There is a raging housing boom in London and the south-east, and not in other parts of the country. The danger of raising interest rates is that you hit those parts of the country which are not yet fully recovered, you push up the exchange rate
and that hits manufacturing. We don't want that. On the other hand, if you do not increase interest rates - if that is the way the governor and the Bank of England go - then this boom that is taking place in housing prices gets out of control and the only people that can afford to live in large parts of London are foreigners and bankers, and we don't want that either."
BoE Governor Mark Carney has vowed to leave borrowing costs on hold at 0.5% at least until the unemployment rate hits a "threshold" of 7%.
On the company front, Hochschild Mining has completed the acquisition of a 40% stake in Pallancata mine and Inmaculada Advanced Project in Peru from International Minerals Corporation. Shareholders of the two companies voted in favour of the deal in November.
Serco Group has secured a six-month extension to its contract with the Australian Government Department of Immigration and Border Protection (DIBP) for the provision of detention services at immigration detention centres (IDC) and alternative places of detention (APOD) on mainland Australia and Christmas Island. It follows a five year contract secured in June 2009 which has two, two-year extension options.
John Laing Infrastructure Fund (JLIF) has completed the acquisition of the remaining stakes in three assets from Bouygues UK, resulting in 100% ownership of each asset. Initial stakes in the assets were acquired as part of JLIF's £123m portfolio acquisition from Investors in the Community earlier this year, which represented the group's largest acquisition since initial public offering.