FTSE 100 slips as virus fears outweigh gains in travel stocks

https://youtu.be/JcMTI-0gFhs

London’s FTSE 100 slipped on Tuesday as fears over a spike in global COVID-19 cases dented optimism about strong corporate earnings, while Flutter Entertainment jumped after saying it expected its U.S. business to turn a profit by 2023. The blue-chip FTSE 100 inched 0.1% lower as gains in travel and leisure stocks were outweighed by weakness in heavyweight banks, which tracked benchmark bond yields lower. Travel stocks have gained nearly 12% since the UK eased lockdown restrictions on July 19. The industry has been among the top sectoral performers this month on optimism travel demand would pick up pace, but still underperforms the mid-cap and blue-chip indexes. “The outlook for travel and leisure stocks is kind of mixed at the moment, with most shares clocking gains but still being off their highs due to rising uncertainties regarding the Delta variant,” said Michael Hewson, chief market analyst at CMC Markets. The domestically focussed mid-cap index climbed 0.3% with sports goods retailer Frasers being the top gainer, as surveys showed sporting events and the summer holidays prompted a big increase in British consumer spending in July. The FTSE 100 has gained 10.4% so far this year on re-opening optimism and record-low interest rates, but a recent jump in global coronavirus infections and rising inflation have spurred worries that central banks could pull back support sooner than expected. Among stocks, British insurer and asset manager M&G dropped 1.4% to the bottom of the FTSE 100 even after it posted an above-forecast 6% rise in first-half operating profit and said it was on track to meet its end-2022 capital generation target. Nick Note: I publish this story for one reason. I want you to understand that they are willing to create a fall crises so the travel industry can get their August vacation revenue. Really really really all travel globally should be stopped… Including cruise ships. Restaurants and hotels should be closed. Do a partial lock down now and avoid the coming fall and winter crises. They just can not do it. We like in a time where we deny science….. The horror of all horror is opening up schools. Their is NO WAY to protect the children who the new variant infects and hospitalizes. Like they are pandering to the airlines and the travel and hotel lobby they are pandering to working women who use the schools as baby sitters instead of being mothers which is not cool. How do i know mothers are suppose to be the care givers of children… Why its because they got those two feeding machines on their chest. My millennial’s hate me when I say this its complicated.  LGBTQ+. is the new boys and girls sub categories.  ITS AL TOO CONFUSING TO ME. binary non binary. Talk about making something very simple very complicated. If it got a dick its a boy and if its got a pussy its a girl… Now do not get me wrong here if you want to put your dick in a asshole that is not my business,,,, Or if your a girl and you want to lick girls pussies or use silicone rubber tools of the trade again its not my business.. If you want a sex change carry on.  For me i believe in purposely built tools. A dick is designed for a pussy. If it ain’t broke don’t fix it. Now if your a girl trapped in a mans body get a job in the fashion industry. And if your a man trapped in a women’s body take up extreme boxing and get over it… Call me old fashioned…..