FTSE 100 poised for weekly gains

UK’s benchmark FTSE 100 climbed in a broad-based rally on Friday, while a decline in top building materials supplier Travis Perkins following a profit warning capped the advance in the mid-cap 250 index.

The resource-heavy FTSE 100 (.FTSE) was up 0.8% at 0845 GMT. The export-oriented benchmark index was on track for a weekly gain after three straight weeks of losses, underpinned by miners and a weak sterling.

Miners (.FTNMX551020) have gained over 6% this week tracking higher metal prices on a weaker dollar and bets of more stimulus measures in top consumer China.

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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