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City workers make phone calls outside the London Stock Exchange in Paternoster Square in the City of London at lunchtime October 1, 2008.
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LONDON - The FTSE 100 <.FTSE> is seen opening 26-29 points lower on Tuesday retreating after sharp gains the previous session, with investors uncertain about prospects for economic recovery.
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The blue-chip index is seen by financial bookmakers falling around 0.6 percent after it gained 1.2 percent on Monday to close at 5,104.50.
Investors will closely watch the financial sector with Britain set to announce a long-awaited deal with its bailed-out banks.
The deal is set to including a record rights issue by Lloyds Banking Group
Wall Street ended higher on Monday lifted by solid economic data, but, with Japan closed, Asian markets ex-Japan retreated 0.5 percent.
(Reporting by Simon Falush)
Shares in British banks rose on the FTSE 100 in morning trading following positive news on the Greek debt crisis.
Unite, the union, has gone to international unions, in its attempts to bring the...
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