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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/soaring-mining-stocks-boost-ftse.jpg"><img class="alignnone size-full" title="The FTSE 100 Index rose 47.8 points to 5860.8" src="http://londonglossy.com/wp-content/uploads/2010/12/min-soaring-mining-stocks-boost-ftse.jpg" alt="The FTSE 100 Index rose 47.8 points to 5860.8"/></a></p>
<p>London&#8217;s blue chip share index has closed at its highest level for more than a month as mining stocks surged on relief over China&#8217;s decision not to raise interest rates.</p>
<p>The FTSE 100 Index added 47.8 points to 5860.8, while markets worldwide also made gains due to cheer over China.</p>
<p>There had been fears Beijing would hike rates after Chinese inflation jumped to a 28-month high of 5.1%. However, investors were relieved that an annual economic meeting ended on Sunday with just a pledge to control inflation while shifting the economy towards more stable, balanced growth.</p>
<p>Wall Street&#8217;s Dow Jones Industrial Average rose more than 30 points soon after opening, while across Europe the Cac 40 in France lifted 0.9%.</p>
<p>But sterling suffered a difficult session, hit by a weak housing survey from property website Rightmove and after deputy Bank of England governor Charles Bean suggested more monetary easing was possible.</p>
<p>The pound fell to 1.19 euros and was down against most major currencies.</p>
<p>Among stocks, the top flight risers board was dominated by resources stocks as Kazakhmys climbed 63p to 1592p and silver miner Fresnillo cheered 61p to 1594p.</p>
<p>Household goods giant Reckitt Benckiser was also on the rise, up 2% or 64p to 3573p, as news of its deal to buy India&#8217;s Paras Pharmaceuticals was taken well.</p>
<p>Analysts praised the acquisition for expanding Reckitt&#8217;s market share in such a key emerging market.</p>
<p>The FTSE 250 Index was dominated by merger and acquisition activity in the oil and gas services sector.</p>
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