FTSE rises after strong China data

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FSTETrader1234 Reuters. A trader monitors the screen on a trading floor in London.

London - Britain's FTSE 100 rose on Friday, bolstered by heavyweight miners and energy stocks after forecast-beating Chinese trade data fanned confidence in the global economic recovery.

China's exports and imports surged more than expected in January, pointing both to stronger demand within the Asian powerhouse and to a recovery in the world economy as a whole.

The strong data prompted investors to take advantage of this week's equities retreat to snap up mining stocks - for whom China is a key market - at cheaper levels.

The FTSE 100 was up 33.59 points, or 0.5 percent, at 6,260.11 points by 10:04 SA time, recouping some of the previous session's 1.1 percent drop. - Reuters


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