The FTSE 100 <.FTSE> index is seen opening up 9-13 points, or as much as 0.2 percent on Tuesday, according to financial bookmakers, rallying after the previous session's decline as Asian stock markets pushed higher supported by easier crude and firmer base metal prices.
Brent crude futures extended losses, slipping below $124 a barrel on Tuesday, snapping a surge that threatened to dent the global economy, though concerns over supply from the Middle East helped stem the slide.
Meanwhile copper prices gained 0.3 percent in Asia trade, extending Monday's rally after encouraging U.S. economic data improved the demand picture for metals.
The UK blue-chip index closed down 19.58 points, or 0.3 percent, on Monday at 5,915.55, after a late rally to rise back above the 5,900 level.
Banks <.FTNMX8350> led the fallers on Monday, with HSBC
On Wall Street on Monday, the S&P 500 <.SPX> index closed slightly firmer at its highest level since mid-2008 on Monday, as oil prices retreated and data showed further improvement in the U.S. housing market.
In Asia on Tuesday, the MSCI's broadest index of Asia Pacific shares outside Japan <.MIAPJ0000PUS> was up 0.8 percent, while Japan's Nikkei 225 <.N225> index was up 0.9 percent.
On the domestic data front, February's CBI distributive trades index will be released at 1100 GMT, with a reading of -19 forecast, down from -22 in January.
Across the Atlantic, January U.S. durable goods orders will be released at 1330 GMT, while February U.S. consumer confidence data is due at 1500 GMT.
UK stocks to watch on Tuesday are:
The hotels and leisure firm issues a trading update.
The autos and aerospace parts maker posts full-year results.
The outsourcing firm reports full-year results.
The Irish building materials group unveils fourth-quarter results.
UNITED BUSINESS MEDIA
The media and exhibitions group delivers full-year results.
AZ ELECTRONIC MATERIALS
The specialist electronic materials firm posts full-year results.
The price comparison website reports full-year results.
The digital sports specialist reveals full-year results.
The sub-prime lender reports full-year results.
The housebuilder posts full-year results.
The engineer delivers full-year results.
The translation software firm unveils full-year results.
The healthcare technology group posts first-half results.
GOALS SOCCER CENTRES
The soccer schools operator reports full-year results.
The information and training group reveals first-half results.
The engineering and environmental consultancy posts second-quarter results.
The television production group unveils first-half results.
The outsourcing and recruitment group holds its annual general meeting.
(Editing by Will Waterman)