The FTSE has bounced back from a mid-morning dip to end more than a percentage point higher, thanks to strong performances from miners.
London's 100 share index was 5,085.86 at around 5.15pm, up 1.15% or 57.71 points. Miners drove the FTSE higher as metal prices bounced on reports of an exports surge in China. Reuters reported China's exports in May were 50% higher than a year earlier, soaring past market expectations. The news helped boost demand for the likes of Fresnillo, up 4.63% to 982.5p, Kazakhmys, up 4.44% to 1106p, and Xstrata, up 3.98% to 961.7p per share. However, gold miner Randgold went the other way as the price of gold dips. Shares were down 0.74% to 6045.00p
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes