FTSE 100 could see gains eroded in weekend markets

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The blue-chip index managed to rebound above 6000 this week, but the benchmark’s gains could be eroded over the weekend with investors worried about a second wave of coronavirus cases as the UK economy reopens.


The FTSE 100 closed marginally lower on Thursday at 6015.25 points, with the index capable of extending its losses on Friday and over the weekend.


Over the last four sessions the benchmark has gained 3.8%, but investors are concerned about a second wave of coronavirus cases as the UK economy gradually emerges from lockdown.


FTSE 100 futures are trading slightly lower at 6029 at the time of publication, suggesting that the index will open in negative territory on Friday.

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