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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/investors-remain-troubled-by-china.jpg"><img class="alignnone size-full" title="The FTSE 100 Index closed 39 points down at 6052.2" src="http://londonglossy.com/wp-content/uploads/2011/02/min-investors-remain-troubled-by-china.jpg" alt="The FTSE 100 Index closed 39 points down at 6052.2"/></a></p>
<p>China&#8217;s decision to raise interest rates has continued to trouble investors as the FTSE 100 Index closed in the red.</p>
<p>The implications of a rate hike in the world&#8217;s fastest growing economy were brought back into the spotlight as China&#8217;s markets &#8211; including the benchmark Shanghai Composite Index &#8211; finished lower after the New Year holiday.</p>
<p>The FTSE 100 Index closed 39 points down at 6052.2, as cautious traders also awaited Thursday&#8217;s interest rates decision from the Bank of England&#8217;s Monetary Policy Committee. The Bank is widely expected to hold rates but the possibility of a hike has unnerved investors.</p>
<p>Sentiment was also weakened by comments from US Federal Reserve Chairman Ben Bernanke, who warned that failing to reduce the US government&#8217;s one trillion US dollar (£622 billion) deficit could hurt economic recovery.</p>
<p>Mining stocks suffered as falling metal prices combined with investor fears over the impact that the tightening of China&#8217;s monetary policy may have on demand for commodities.</p>
<p>Copper company Kazakhmys dropped 53p to 1569p, Eurasian Natural Resources fell 17p to 1012p and Anglo-Chilean Antofagasta was down 57p at 1456p.</p>
<p>Banking shares reacted positively to details of a deal between the Government and the industry, which emerged from the so-called Project Merlin talks.</p>
<p>Chancellor George Osborne said the settlement would see bonuses cut, lending to small business increased and the pay of the highest paid executives published.</p>
<p>Meanwhile, RBS and Lloyds, Britain&#8217;s state-backed banks, both revealed details of their chief executives&#8217; bonuses for 2010. Stephen Hester at RBS was awarded £2.04 million while Eric Daniels at Lloyds was awarded £1.45 million. Royal Bank of Scotland was up 0.2p at 44.3p, Barclays added 2p to 316.4p and HSBC advanced 4.9p to 723p. Lloyds, however, dipped 0.5p to 65.4p.</p>
<p>There was further woe in the newspaper industry after Daily Mail &#038; General Trust (DMGT) reported 332 consumer media job losses for the three months to January 2 as revenues and circulation continued to fall. Shares dropped nearly 3% or 17.5p to 577p.</p>
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