The FTSE 100 <.FTSE> index is seen opening up 17-30 points, or as much as 0.6 percent on Monday, according to financial bookmakers, tracking gains on Wall Street and in Asia as euro zone debt fears subsided as both Italy and Greece appointed new prime ministers expected to push through austerity measures.
Italy's president Giorgio Napolitano appointed former European Commissioner Mario Monti on Sunday to head a new government with the task of restoring market confidence in the euro zone's third largest economy, whose debt burden is too big for the bloc to bail out.
Meanwhile in Greece, Lucas Papademos, a former European Central Bank policymaker, has been sworn in as prime minister and is under pressure to implement radical reforms.
The UK blue chip index closed up 100.56 points, or 1.9 percent on Friday at 5,545.38, led by a late rally from financial stocks after the Italian Senate's approval of a package of economic reforms gave investors some relief from worries about the euro zone's debt crisis.
U.S. blue chips <.DJI> jumped 2.2 percent higher on Friday, while Asian stocks rose on Monday and the euro edged up on hopes that the new technocratic leaders in Italy and Greece will take decisive action to save their indebted nations from bankruptcy and fend off a wider euro zone financial meltdown.
Metal prices also saw support as the demand picture improved on hopes for the global economy, with copper prices up over 3 percent, and gold ahead 0.3 percent.
No important macroeconomic data will be released on Monday in the UK or the U.S., but there will be a hefty batch of British data for investors to digest later in the week.
October inflation, unemployment, and retail sales numbers are all due on Tuesday, Wednesday, and Thursday respectively, with November's Bank of England inflation report also to be published on Wednesday.
Across the Atlantic, U.S. wholesale and consumer price inflation numbers will be the main focus, due on Tuesday and Wednesday respectively.
(Reporting by Jon Hopkins; Editing by Hans-Juergen Peters)