he FTSE 100 was set to make cautious gains today as England’s hospitality industry was set to reopen trading indoors for the first time in months.
After a rocky time the previous week, the futures market was indicating the FTSE 100 would open 10 points up at 7055 before the opening.
Traders will be closely watching consumer behaviour over the coming days to judge if leisure stocks will benefit fully from the relaxation of Covid social distancing rules or whether people will be reluctant to visit pubs and restaurants after so many months at home.
Early indications suggest a boom in sales should greet the new rules, with many venues reporting being booked out for weeks.
But, with widespread reporting of scientists’ concerns about the decision fully to open pubs in particular, many people may decide to stay away.
The Indian variant continues to be a major concern and the daily tide of statistics will have the power to skew markets as investors remain on guard for the government changing tack on the reopening of the economy.
Key to sentiment more broadly this week, as in…
