Afternoon Markets: Miners lead FTSE rebound after rocky day

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