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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/portugal-bond-auction-aids-markets.jpg"><img class="alignnone size-full" title="The London market rose 19 points to 6033" src="http://londonglossy.com/wp-content/uploads/2011/01/min-portugal-bond-auction-aids-markets.jpg" alt="The London market rose 19 points to 6033"/></a></p>
<p>There were stock market gains on both sides of the Atlantic after a successful bond auction in Portugal helped ease eurozone debt worries.</p>
<p>The Dow Jones Industrial Average rose more than 80 points soon after opening following the news that Portugal managed to borrow 1.25 billion euros (£1 billion) in a bond auction which saw strong demand.</p>
<p>In London, the FTSE 100 Index was similarly reassured by investor confidence in Portugal and edged up 19 points to 6033, or 0.3%.</p>
<p>Many economists have sounded fears that Portugal could follow in the footsteps of Greece and Ireland in asking for a bailout from the EU and IMF, but the auction &#8211; viewed as encouraging by analysts and seen as a key test of investors&#8217; confidence in Portugal &#8211; lifted sentiment and saw some of Britain&#8217;s biggest banks make gains.</p>
<p>The news also lifted markets across Europe, with Germany&#8217;s Dax up 1.5% and the CAC 40 in France ahead 1.6%.</p>
<p>Among UK banks on the advance, HSBC added 21.3p at 710p, Lloyds rose 1.15p at 67.3p, while Barclays, which is heavily exposed to the Iberian peninsula, advanced nearly 3% or 5.3p to 297.3p. Sentiment was also boosted by Japan&#8217;s pledge to buy bonds aimed at financing Europe&#8217;s bailout fund.</p>
<p>Mining stocks had a decent session, lifted by rising metal prices, with Eurasian Natural Resources up 35p at 1113p, Vedanta adding 92p to 2505p and Kazakhmys ahead 51p at 1663p.</p>
<p>The retail sector was once again in focus after Sainsbury&#8217;s reported better-than-expected like-for-like sales growth of 3.6% in the 14 weeks to January 8.</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. Shares recovered from a recent wobble to surge 18% or 209p to 1372p.</p>
<p>Shares in Barratt Developments dropped 2% or 1.7p to 93.15p after the housebuilder warned activity was hampered during a difficult December. Last month&#8217;s Arctic conditions held back completions as buyers were unable to visit sites, while it said some build projects could not be finished.</p>
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