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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/europe-debt-fears-hit-stocks-in-us.jpg"><img class="alignnone size-full" title="The FTSE Index fell 11 points to 5539.3 by mid-afternoon" src="http://londonglossy.com/wp-content/uploads/2010/11/min-europe-debt-fears-hit-stocks-in-us.jpg" alt="The FTSE Index fell 11 points to 5539.3 by mid-afternoon"/></a></p>
<p>US stocks have mirrored a decline on European markets as fears over the eurozone&#8217;s debt crisis spread across the Atlantic.</p>
<p>Wall Street&#8217;s Dow Jones Industrial Average fell nearly 1% in early trading after a report revealed a drop in US home prices in September.</p>
<p>The FTSE 100 Index lost earlier gains and fell 11 points to 5539.3 by mid-afternoon. European stocks also moved lower, with Germany&#8217;s DAX down 0.5% and the CAC-40 in France sliding more than 1%.</p>
<p>Investors continued to dwell on the escalating debt crisis in Europe and concerns that Portugal &#8211; or even Spain &#8211; will follow Ireland and seek a substantial financial bailout from the European Union.</p>
<p>The anxiety also led to a further spike in government bond yields &#8211; an important indicator of confidence &#8211; as investors rushed to sell them.</p>
<p>Traders again ditched the euro &#8211; which fell against most major currencies &#8211; as they put their cash into safer investments such as the US dollar.</p>
<p>The retreat to the greenback saw its value rise and led to a drop in commodity prices, which hit mining and energy stocks.</p>
<p>Kazakhmys was down 20p at 1375p, Xstrata lost 14.5p at 1282p and Vedanta Resources was off 21p at 1989p.</p>
<p>Banks, which have been hit hard in the wake of the Irish crisis, lost earlier gains, with Lloyds down 0.2p at 60.4p and Royal Bank of Scotland dropping 0.8p to 37.8p.</p>
<p>In corporate news, shares in school trips and hotel breaks firm Holidaybreak jumped nearly 9% after it posted a 9% rise in full-year profits and announced the acquisition of 50% of student accommodation firm Meininger.</p>
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