Miners push FTSE up 1% despite fresh oil price fall

Oil price falls to lowest point in 12 years

The FTSE 100 rose over 1% in morning trading as miners pushed forward on the back of strong economic data from China, shaking off fresh oil price falls.

The UK's blue-chip index sat at 5,992 points by 11.15am, as China's trade data for December showed exports had fallen by just 1.4%, instead of the 8% decline expected, while imports declined 7.6%, also exceeding expectations. On the back of the data, Glencore rose 4.3%, trading at 75.15p, while Rio Tinto rose 4.2% to trade at 1,722p. Income managers shrug off Glencore fears to buy into mining sector The FTSE 100 was also boosted by a late rebound in energy and biotech shares in the US, which helped indices achieve a second straight day of gains. The Dow Jones closed up 0.7% at 16,5...