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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/ftse-hit-by-china-bank-measures.jpg"><img class="alignnone size-full" title="The FTSE 100 index fell 38 points to 5985.7" src="http://londonglossy.com/wp-content/uploads/2011/01/min-ftse-hit-by-china-bank-measures.jpg" alt="The FTSE 100 index fell 38 points to 5985.7"/></a></p>
<p>Moves by China&#8217;s central bank to curb inflation has weighed on stocks on both sides of the Atlantic.</p>
<p>The FTSE 100 Index pared back losses on Friday but still stood 38 points lower at 5985.7, pulled down by mining stocks due to the China concerns.</p>
<p>Wall Street&#8217;s Dow Jones industrial average saw a mixed opening after US retail sales also came in lower-than-expected, rising 0.6% in December against a 0.9% forecast. News of a better than expected 48% leap in annual profits for American investment bank JP Morgan Chase failed to lift the US market.</p>
<p>Energy firms declined as investors were concerned by Chinese moves to fight inflation, as the central bank raised the reserve requirements for the country&#8217;s biggest lenders. Further monetary tightening measures could suppress Chinese demand, on which energy and mining companies rely heavily.</p>
<p>Miners were among the biggest fallers as metal prices softened, with silver giant Fresnillo at the top of the fallers&#8217; board, slipping nearly 4%, or 62p, to 1496p while Anglo American was close behind with a 120p fall to 3290p.</p>
<p>Slipping oil prices also impacted the top tier, with BP shedding 3.1p to 500.6p, Royal Dutch Shell off 24p at 2096p and Cairn Energy down 4.9p at 449.8p.</p>
<p>Traders moved their cash into more defensive stocks, with utility firms such as Severn Trent and International Power featuring on the risers board &#8211; up 7p to 1426p and 4.9p at 415p respectively.</p>
<p>Corporate news was focused outside the FTSE 100 as smaller caps reported on recent trading.</p>
<p>Fashion chain Ted Baker saw shares drop more than 1% after the retailer reported a slowdown in group sales growth as UK trading was hit by the extreme weather in the run-up to Christmas.</p>
<p>The British designer brand reported a 7.6% rise in group retail sales for the eight weeks to January 8, compared with 8.6% in the third quarter to November 13. Shares were down 8.5p at 659.5p.</p>
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