UK Stocks Set to Open Higher

UK stocks were set to open higher on Tuesday, tracking a global equity rally following reports that China would step up elderly vaccination in a move that health experts consider as key to economic reopening.

China faced growing pressure to relax its zero-Covid policy as protests in major cities erupted over the weekend, though analysts suggested that Xi Jinping’s government is unlikely to make drastic policy changes and admit policy mistakes.

Investors also look ahead to Bank of England member Catherine Mann’s speech later today, as well as more earnings reports from British firms including Wise, EasyJet and GB Group.

FTSE 100 futures rose 0.2% in early trade.