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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/ftse-100-index-maintains-strength.jpg"><img class="alignnone size-full" title="The FTSE 100 Index improved 34.9 points to 6048.3" src="http://londonglossy.com/wp-content/uploads/2011/01/min-ftse-100-index-maintains-strength.jpg" alt="The FTSE 100 Index improved 34.9 points to 6048.3"/></a></p>
<p>The FTSE 100 Index has maintained its recent strength after a positive start to the US earnings season and an easing of eurozone debt worries.</p>
<p>A first rise for US shares in four sessions following a forecast-beating results performance from aluminium producer Alcoa meant Asian markets made progress and the FTSE 100 Index improved 34.9 points to 6048.3.</p>
<p>Sentiment was also boosted by Japan&#8217;s pledge to buy bonds aimed at financing Europe&#8217;s bailout fund.</p>
<p>The main interest of another busy session in the retail sector saw Sainsbury&#8217;s report better-than-expected like-for-like sales growth of 3.6% in the 14 weeks to January 8.</p>
<p>The update fuelled speculation that Sainsbury&#8217;s has overtaken Asda as the UK&#8217;s second largest supermarket, but broker Seymour Pierce kept its sell rating on the stock and said shares had a premium valuation.</p>
<p>The stock was 3.8p lower at 386.6p, while rival Tesco fell 3.8p to 421.5p ahead of its update on Thursday. </p>
<p>One of the biggest gains in the FTSE 250 Index came from Superdry fashion firm Supergroup after it said it enjoyed its best ever Christmas trading with a near doubling of retail sales.</p>
<p>Shares recovered from a recent wobble to jump 8% or 95p to 1259p as the chain forecast profits at the top end of hopes and said rising cotton prices will not have an impact on this year&#8217;s profit margins as previously expected.</p>
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