FTSE 100 down 0.1, FTSE 250 adds 0.3
Persimmon down after weighing 1.28 bln bid for Legal General39;s Cala unit
Redcentric in early talks for sale, shares up

May 28 Reuters The FTSE 100 edged lower on Tuesday as investors awaited more economic data and comments from Bank of England Governor Andrew Bailey later in the week, while gains in precious metal miners kept declines in check.

The bluechip FTSE 100 was down 0.1, headed for a fifth consecutive session of losses. Meanwhile, the midcap FTSE 250 edged up 0.3, on track for a second straight session of gains.

People are coming back from their holiday and they39;re just trying to find their feet. Equity markets in the MayJune period have some sort of corrections especially after a nice rally, said Axel Rudolph, senior market analyst at IG Group.

We39;ve got three U.S. Federal Reserve members speaking today and that will probably drive markets more than any UK data today.

Market focus this week will be on comments from BoE Governor Bailey on Thursday for more insights into the timing of the central bank39;s first interest rate cut.

Traders are pricing in a 50 chance of the first rate cut in September, with a cut fully priced in only in November.

Precious metal miners jumped 1.7 as gold prices held steady with the dollar easing.

Online supermarket Ocado was the top gainer on FTSE 100 with a 6.8 jump as JP Morgan raised the target price on the stock.

Legal General Group rose 1.3 after Sky News reported…