FTSE 100 rebounds led by commodity stocks

The FTSE 100 index, which lost 1.8% by last night’s close in its worst performance for nine months, put back 34.58 points to 7854.94.

Commodity stocks drove the improvement, with gold miner Fresnillo the best performer after a gain of 21.5p to 606p and Anglo American up 3% or 72p to 2167p.

Rio Tinto improved 143p to 5397p as it reiterated full-year guidance in the wake of a 2% drop in first quarter iron ore production from its Pilbara assets in Western Australia.

Gambling group Entain was also on the FTSE 100 risers board, up 3% or 26p to 832.2p after it reported a “successful” Super Bowl for its BetMGM joint venture in the United States.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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