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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/positive-us-data-boosts-markets.jpg"><img class="alignnone size-full" title="The FTSE 100 Index gained 62 points to 5642.6" src="http://londonglossy.com/wp-content/uploads/2010/11/min-positive-us-data-boosts-markets.jpg" alt="The FTSE 100 Index gained 62 points to 5642.6"/></a></p>
<p>A raft of positive data in the US has strengthened global markets in the face of continued concerns over tensions on the Korean peninsula and the eurozone debt crisis.</p>
<p>Wall Street&#8217;s Dow Jones Industrial Average advanced 0.8% after two different reports revealed Americans earned more and spent more last month and the number of people applying for unemployment benefits dropped last week to a two-year low.</p>
<p>The positive sentiment rippled across the Atlantic, where the London market gained 62 points to 5642.6, as the banking sector resisted pressure piled on by the ongoing problems in Ireland.</p>
<p>The US Commerce Department revealed consumers boosted their spending by 0.4% in October, while incomes rose 0.5%. The Labour Department said benefit claims dropped by 34,000 to 407,000 in the week ending November 20.</p>
<p>The FTSE 100 Index continued to make progress after the Irish Government unveiled a raft of budget measures to restore the State&#8217;s finances by 2014. The government is also negotiating a bail-out package with the EU and IMF, expected to be worth about 85 billion euros (£71 billion).</p>
<p>Royal Bank of Scotland and Lloyds, which both have significant ties to the Irish economy, moved ahead more than 2% and 1% respectively.</p>
<p>Insurers dominated the fallers board following a Morgan Stanley downgrade for Aviva, which slumped 5.7p to 377.6p, a drop of around 1.5%. Prudential declined 1p to 589.5p and Resolution fell 0.5p to 226.3p, while in the banking sector Barclays dropped 2.8p to 267p.</p>
<p>On a brighter note, shares in catering giant Compass were more than 5% or 28p higher at 555.5p after it smashed expectations with an operating profits rise of 13% to £1 billion. It also announced a 33% jump in its full dividend to 17.5p a share.</p>
<p>In the FTSE 250 Index, buy-to-let lender Paragon rose 8.5p to 168p as it reported a 32% rise in profits and said it was confident about demand in the sector as it prepares to ramp up lending.</p>
<p>Provident Financial, which operates in the door-step lending sector, saw an even bigger gain after revealing a further improvement in trends in its home credit division. Sales in the 12 weeks since the beginning of September were up by around 7% on a year ago, leading to a shares rise of 65p to 840p.</p>
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