UK's FTSE 100 called to open 80 points higher on Monday

Despite the poor employment report from the States, US stocks staged a steep rally after the UK close and we expect a strong opening here on Monday.

We expect the FTSE 100 to rally around 80 points on the open on Monday, reversing a large part of today’s losses.

We are seeing a trend for switching out of energy and resources and into financial stocks.