Developments in China's Evergrande crisis and a meeting of OPEC oil ministers are the main focus for investors after last week's inflation-driven volatility.
Trading in shares of indebted property firm Evergrande have been suspended in Hong Kong pending a “major transaction”, while the OPEC+ alliance is under pressure to boost production quotas in an effort to peg back a Brent crude currently at almost $80 a barrel.
Traders are also focused on the fall-out from Saturday's £7 billion auction of supermarket Morrisons, including where defeated consortium Fortress might target its cash after missing out to private equity giant Clayton, Dubilier & Rice. Sainsbury’s shares were 2% higher today.
