The FTSE 100 rose 0.2% to 6,772 in early trading.

Jonathan Sudaria, a dealer at Capital Spreads, said: “Bulls continue to show remarkable resilience against a turbulent back drop and hope that a heavy week of economic data can add some much needed upward momentum to the rally.”

The focus of today’s session will be consumer price figures in the Eurozone, which are expected to show that inflation remained at a five-year low of 0.5%. The data comes ahead of the European Central Bank (ECB) meeting on Thursday.

“We don’t expect to see further policy announcements from the ECB this week, but the market will be keenly listening for further hints of possible asset purchases,” according to Chief Economist Simon Smith from FxPro.

UK mortgage approvals and money supply numbers are also scheduled for release today, along with US pending home sales and some regional manufacturing data from the States.

Looking ahead to the rest of the week, markets will be on the look-out for manufacturing figures from the UK, Eurozone, US and China, as well as the all-important US non-farm payrolls report due out on Thursday.

Miners fall but Anglo bucks the trend

Mining stocks were under the weather this morning as metal prices declined across the board. BHP Billiton, Randgold, Rio Tinto and Antofagasta were among the worst performers.

However, Anglo American was bucking the trend and putting in decent gains after The Sunday Times said the company has put some of its South African platinum mines up for sale as part of a plan to sell off $4bn of its underperforming assets.

Pharmaceutical group Shire was also a high riser on reports that the boss of US rival AbbVie, which recently made a £27bn takeover for Shire, is travelling to London to hold talks with its shareholders. Shire also announced today that it is to receive a total of $410m as a tax refund from Canadian authorities.

Switzerland-based bottling firm Coca-Cola HBC rose as it announced plans to pull its shares from the US stock market after experiencing low trading volumes. Since joining the premium listing segment of the LSE earlier this year, the UK has become the principal trading market for CCH’s shares and accounted for over 85% of total trading volume in the 12 months to June 18th 2014.

Media stocks were in demand with WPP, ITV and BSkyB rising strongly, while airline peers easyJet and IAG fell.

FTSE 100 – Risers
Shire Plc (SHP) 4,658.00p +1.93%
Diageo (DGE) 1,871.50p +1.30%
WPP (WPP) 1,281.00p +1.10%
Rexam (REX) 533.00p +1.04%
ITV (ITV) 177.90p +1.02%
British Sky Broadcasting Group (BSY) 902.00p +1.01%
Royal Bank of Scotland Group (RBS) 330.30p +1.01%
Smiths Group (SMIN) 1,306.00p +0.85%
BP (BP.) 519.00p +0.85%
SABMiller (SAB) 3,394.00p +0.83%

FTSE 100 – Fallers
easyJet (EZJ) 1,398.00p -4.18%
Rolls-Royce Holdings (RR.) 1,055.00p -1.31%
BHP Billiton (BLT) 1,891.50p -1.15%
Sports Direct International (SPD) 715.50p -1.11%
Travis Perkins (TPK) 1,636.00p -1.09%
Persimmon (PSN) 1,267.00p -0.86%
3i Group (III) 403.10p -0.64%
CRH (CRH) 1,511.00p -0.59%
Barclays (BARC) 215.00p -0.49%
International Consolidated Airlines Group SA (CDI) (IAG) 382.00p -0.47%

Source: ShareCast