FTSE 100 recovers with Burberry and Diageo boost

Britain’s FTSE 100 climbed on Monday, set to snap a three-session losing streak, supported by a rise in luxury stocks such as Burberry and Diageo, while precious metal miners slipped on lower gold prices as bets on early interest rate cuts receded.

Both the blue-chip FTSE 100 (.FTSE), opens new tab and the midcap FTSE 250 (.FTMC), opens new tab added 0.2% by 9:13 GMT.

The personal goods index (.FTNMX402040), opens new tab rose 2.3%, leading sectoral gains, as luxury retailer Burberry (BRBY.L), opens new tab climbed 2.3% and Watches Of Switzerland Group (WOSG.L), opens new tab rose 3.6%.

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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