Britain’s FTSE 100 .FTSE index was seen opening up 3-7 points, or 0.2 percent, on Tuesday, according to financial bookmakers, up slightly after falls in the previous session, helped by overnight gains on Wall Street and in Asia. Miners were expected to provide the fuel for the recovery in London as metal prices rallied following robust Chinese trade data. China posted its largest trade surplus in four months in April, swinging from a trade deficit in the first quarter, as exports hit a record on stronger global demand. [ID:nL3E7GA09F] The UK blue-chip index closed down 34.08 points, or 0.6 percent, on Monday at 5,942.69, weighed down by weak banks on fresh euro zone debt concerns, loan insurance mis-selling costs, and disappointing numbers from HSBC (HSBA.L). Technical factors remained bearish for the FTSE 100 index. “The failure to regain the psychological 6,000.00 level could be a sign that investors see the market as overvalued at current levels. This price is likely to become a pivot price over the next few days as bulls and bears battle over who has the control at this time,” said Enis Mehmet, analyst at Autochartist. U.S. blue chips .DJI closed 0.4 percent higher on Monday led by a rebound in commodity-related issues, and in Asia on Wednesday Japanese equities rallied from earlier falls to end modestly higher, while markets in Hong Kong and South Korea were shut for a holiday. On the macroeconomic front, house prices in England and Wales fell in April at their slowest pace since July 2010, although worries about the British economy and tight lending are likely to subdue the market for some time, a survey showed on Tuesday. The Royal Institution of Chartered Surveyors’ seasonally adjusted April house price balance rose to -21 from -23 in March, better than the -23 consensus forecast. [ID:nL9E7F600D] Meanwhile, British retail sales jumped at their fastest annual pace in five years in April, helped by the Easter holidays, sunny weather and the royal wedding, but the outlook remains gloomy, a survey showed on Tuesday. The British Retail Consortium said annual like-for-like sales values rose by 5.2 percent in April after March’s 3.5 percent fall. That was the biggest gain since April 2006 when the timing of Easter also enhanced the numbers.

[ID:nL9E7F600B] No other British economic data is scheduled for Tuesday. Across the Atlantic, April U.S. import and export prices will be released at 1230 GMT, with March wholesale inventories and May’s IBD consumer confidence report due at 1400 GMT.

* GLOBAL MRKTS-Oil down on margin hike; euro slips [ID:nL3E7GA09C] * US STOCKS-Commods rally gives respite, masks worries [ID:nN09252014] * Nikkei hurt by Greece downgrade, commodity stocks up [ID:nL3E7GA061] * Euro off 3-wk lows on commods, debt concerns a drag [ID:nL3E7GA018] * Oil sags after CME hikes trading margins [ID:nL3E7GA07M] * Silver, gold soar on post-sell-off bargain hunting [ID:nLDE7480V6]

UK stocks to watch on Tuesday are:

BG GROUP (BG.L) The energy firm posts first-quarter results.

IMPERIAL TOBACCO (IMT.L) The tobacco firm reports first-half results.

TUI TRAVEL (TT.L) The tour operator delivers first-half results.

INTERCONTINENTAL HOTELS (IHG.L) The hotels operator unveils first-quarter results. For a preview, double-click on [ID:nLDE7481XO]

RESOLUTION (RSL.L) The insurer issues a first-quarter trading update.

SERCO GROUP (SRP.L) The British outsourcing group is in talks about buying Blackstone’s (BX.N) controlling stake in India’s Intelenet Global Services, the Financial Times reported on Tuesday, citing sources familiar with the matter. [ID:nLDE74900P]

CAPITA (CPI)L> The outsourcing group holds its annual general meeting.

G4S (GFS.L) The manned security group issues a trading update.

KESA (KESA.L) The electricals goods retailer gained on renewed bid speculation, with private equity outfits cited as potential predators, press reports said.

EASYJET (EZJ.L) The discount airline group delivers first-half results.

N BROWN GROUP (BWNG.L) The catalogue retailer unveils full-year results.

CSR (CSR.L) The chipmaker reports first-quarter results.

NATIONAL EXPRESS (NEX.L) The transport operator holds its annual general meeting.

UNITED BUSINESS MEDIA (UBM.L) The media group holds its annual general meeting.

JOHNSTON PRESS (JPR.L) The newspapers publisher issues a trading update.

MORGAN CRUCIBLE (MGCR.L) The engineering group issues a trading update.

SPIRAX-SARCO (SPX.L) The engineering group holds its annual general meeting.

BALFOUR BEATTY (BALF.L) The construction services group issues a first-quarter trading update.

HARDY OIL & GAS (HAOG.L) The oil explorer issues a first-quarter trading update.

AEGIS GROUP AGS.L The marketing services firm holds its annual general meeting.

PENDRAGON (PDG.L) The car dealership group holds its annual general meeting.

FIBERWEB (FWEB.L) The non-woven fabrics maker holds its annual general meeting.

DELCAM (DLC.L) The software solutions group holds its annual general meeting.