Thanks for joining us. Earlier in the week, we had figures showing that house prices rose for the first time in six months, a sign of renewed confidence in the property market.
Rightmove said the average price of a property listed on its website was up 0.1pc compared to the same month last year, the first annual increase since July.
5 things to start your day
1) Currys is attracting takeover interest from a Chinese firm | The prospect of a bidding war emerges as JD.com enters talks with the electricals retailer
2) Apple faces £430m EU fine in long-running row with Spotify | The iPhone maker has been accused of using its app store to drive up prices and stifle competition
3) Lockdown damage risks lasting for generations, World Bank warns | Children of out-of-schoolers suffer from 'scars of contagion'
4) John Lewis, new housing row over chimneys in rental properties | Firefighters warn designs for the Bromley scheme could hamper potential rescue efforts
5) The economic cost of our crumbling mental health has finally become clear | As the country sinks into recession, Britain's chronic disease crisis calls for serious action
What happened overnight
Stocks in Asia were mostly higher after Chinese markets reopened on Monday from a long Lunar New Year holiday.
Hong Kong's Hang Seng fell 0.9pc to 16,192.24 amid heavy selling of technology and property stocks, even as Chinese state banks announced plans for billions of dollars in loans for property projects.
Major developer Country Garden fell 5.6 percent and Sino-Ocean Group Holding fell 6.5 percent. China Vanke lost 4.6 percent.
The Shanghai Composite rose 0.8 percent to 2,889.32.
Tokyo's benchmark Nikkei index was flat as Nintendo shares fell on reports that its next console would be delayed.
The benchmark Nikkei 225 index fell 16.86 points to 38,470.38, while the broader TOPICS index rose 0.57 percent, or 14.96 points, to 2,639.69.
Shares of Nintendo fell 5.1 percent following unconfirmed reports that a successor to the Switch console would not be delivered within the year.
Goldman Sachs has said it expects the U.S. stock market rally to rise further. In a note to clients, analysts forecast the S&P 500 to reach 5,200 by the end of 2024.
That would mark a 3.9pc rise at Friday's close, after falling 0.5pc following a new record on Thursday.
A rise in the US producer price index on Friday prompted a small rise in Treasury yields, which rose seven basis points to 4.65pc.
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