UK’s FTSE 100 rises

The UK’s FTSE 100 started the year on a positive note, underpinned by aerospace and defence stocks on Tuesday, while investors looked ahead to economic data this week and its potential impact on the Bank of England’s interest rate path.

The blue-chip FTSE 100 (.FTSE) was up 0.3%, touching an over seven-month high earlier in the session, while the mid-cap FTSE 250 index (.FTMC) was flat. The benchmark index lagged all of its European peers.

Aerospace and defence stocks (.FTNMX502010) hit a record high with a 1.3% jump, while automobiles and parts index (.FTNMX401010) climbed 0.8% to a three-month high.

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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