UK’s FTSE 100 rises in early trade

UK’s FTSE 100 rose in early trade on Thursday as higher crude oil prices lifted energy giants and higher base metals and iron ore prices lifted miners, while investors braced for more economic data due later in the day.

By 0808 GMT, the exporter-heavy FTSE 100 (.FTSE) rose 0.1%, while the FTSE 250 midcap index (.FTMC) lost 0.2%.

Industrial metal miners (.FTNMX551020) led gains early on, rising 1% as prices of most base metals and iron ore advanced, while oil and gas (.FTNMX601010) edged up 0.6% as crude prices gained ahead of expected production cuts by the OPEC+ group.

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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