Britain's FTSE 100 <.FTSE> index was seen opening up 18-21 points, or as much as 0.4 percent, on Monday, according to financial bookmakers, tracking gains on the U.S. Dow Jones index on Friday, although advances will likely be capped by lingering uncertainty over Greece's debt negotiations.

The blue-chip index closed 12.60 points, or 0.2 percent, lower on Friday at 5,728.55, to end the week 1.6 percent higher, its strongest performance since Christmas.

Financial stocks rallied last week on the back of European Central Bank action to inject cash into the banking sector and prevent the euro zone's sovereign debt crisis causing a liquidity squeeze. A pick-up in trading volume also pointed to growing risk appetite among equity investors.

IBM lifted the Dow Jones industrial average on Friday after the group offered a strong outlook, while results from several big-tech names signalled they were shaking off nervousness about economic growth and boosting technology spending.

Euro zone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept to avert a chaotic default that could threaten the currency bloc.

Greece's private creditors said on Sunday they could not improve their offer, which would see them take a real loss of 65-70 percent on Greek bonds, officials close to the negotiations said.

No major economic data was scheduled in Britain or the United States on Monday.

Stocks to watch on Monday are:

CAIRN ENERGY

The oil explorer issues a trading update.

CITY OF LONDON INVESTMENT GROUP

The fund management company reports its first-half results.

AVACTA GROUP

The healthcare equipment manufacturer holds its annual

general meeting.

ALTERNATIVE NETWORKS

The provider of communications products and services holds its annual

general meeting.

(Reporting By Francesco Canepa; Editing by Dan Lalor)