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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/ftse-cautious-on-europe-debt-fears.jpg"><img class="alignnone size-full" title="The FTSE Index stood 10 points higher at 5561.6" src="http://londonglossy.com/wp-content/uploads/2010/11/min-ftse-cautious-on-europe-debt-fears.jpg" alt="The FTSE Index stood 10 points higher at 5561.6"/></a></p>
<p>The London market has been moving cautiously as fears over the European debt crisis remain.</p>
<p>The FTSE 100 Index, which tumbled 2% on Monday on worries over the potential for further bail-outs, recovered its poise to stand 10 points higher at 5561.6 by Tuesday lunchtime. European stocks were also more settled, with Germany&#8217;s DAX up 0.8% and the CAC-40 in France ahead 0.1%.</p>
<p>The main focus in the markets was once again on Europe&#8217;s debt crisis and concerns that Portugal &#8211; or even Spain &#8211; will follow Ireland and seek a substantial financial bail-out from the European Union.</p>
<p>But these concerns were offset by the prospect of positive US data to be released later in the session, including figures on consumer confidence and manufacturing.</p>
<p>Rising commodity prices helped mining stocks recover from some of Monday&#8217;s losses, with Rio Tinto up 37p at 4080p, BHP Billiton ahead 19.5p at 2285p and Lonmin gaining 11p to 1694p.</p>
<p>Energy stocks also benefited from stronger commodities, with Cairn Energy topping the risers board, up 6.4p at 384p, and BG Group adding 10.5p at 1179p.</p>
<p>Banks, which have been hit hard in the wake of the Irish crisis, were also higher, with Lloyds up 0.5p at 61p and Royal Bank of Scotland ahead 0.2p to 38.7p.</p>
<p>In corporate news, shares in school trips and hotel breaks firm Holidaybreak jumped 7% after it posted a 9% rise in full-year profits and announced the acquisition of 50% of student accommodation firm Meininger. The deal is part of plans to make Holidaybreak the leading brand in the European school trips market. Shares rose 18.25p to 288.25p.</p>
<p>Elsewhere in the travel industry, corporate specialist Hogg Robinson saw its shares lift more than 1% after it raised its profit hopes for the full year.</p>
<p>The Basingstoke-based firm, which provides business travel services to clients worldwide including Rolls-Royce, Volkswagen and GlaxoSmithKline, said spending and bookings were both up 18% in the six months to September 30. Shares were up 0.5p at 35.2p.</p>
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