UK’s FTSE 100 inches up as global mood improves

UK’s FTSE 100 index edged up on Thursday, tracking an improvement in global mood, while footwear maker Dr Martens logged its worst day in over four months after warning of lower earnings for the upcoming year.

The blue-chip FTSE 100 (.FTSE) was up 0.5% as investors were relieved that the U.S. debt ceiling bill successfully passed through the House of Representatives, while hopes of the Federal Reserve pausing rate hikes further soothed the mood.

The mid-cap FTSE 250 (.FTMC), meanwhile, eked out a small 0.2% gain, weighed by a 11.3% drop in Dr Martens Plc (DOCS.L) as CEO Kenny Wilson said that the U.S. is expected to be toughest market for the firm this year.

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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