European stocks are set to open higher on Monday morning as investors watch out for further earnings and digest political news.

The FTSE 100 is expected to open higher by 8 points at 7,785; the German DAX is seen up by 53 points at 13,282 and the CAC 40 is expected to start higher by 18 points at 5,524, according to IG.

In Asia, stocks were at historic highs after Wall Street touched record levels on Friday, boosted by stronger-than-expected earnings. Markets in U.S. will be closed on Monday for Martin Luther King day. The dollar was under pressure, down by 0.28 percent against a basket of foreign currencies.

Investors will be focus on further corporate earnings, with Renault and Rio Tinto reporting.

In other news that could affect European stocks on Monday, over the weekend news emerged that BNP Paribas was making plans to benefit from the U.K.’s decision to leave the European Union. The French bank has prepared plans to attract mid-sized British companies, the Financial Times reported.

Meanwhile, the U.K. government is also under pressure after reports that ministers gave Carillion £2 billion ($2.75 billion) after the construction company issued several profit warnings, the Financial Times reported.