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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/strong-asian-stocks-lift-ftse-100.jpg"><img class="alignnone size-full" title="The FTSE 100 Index stood 13 points higher at 5656.1" src="http://londonglossy.com/wp-content/uploads/2010/12/min-strong-asian-stocks-lift-ftse-100.jpg" alt="The FTSE 100 Index stood 13 points higher at 5656.1"/></a></p>
<p>The London market has moved cautiously as traders awaited an update from the European Central Bank (ECB) on the escalating debt crisis on the continent.</p>
<p>The FTSE 100 Index edged 13 points higher to 5656.1, after a strong session on Asian markets &#8211; driven by improved economic indicators in the US and China.</p>
<p>The ECB is expected to soothe mounting concerns in Europe by stepping up its Government bond-buying programme after its latest rate-setting meeting.</p>
<p>The positive sentiment lifted banking stocks, with part-nationalised banks Lloyds and Royal Bank of Scotland up 0.6p at 64.6p and 0.3p at 40p respectively.</p>
<p>In corporate news, Thomson Holidays owner TUI Travel advanced nearly 3% to the top of the risers board after its full-year results revealed an 11% increase in full-year operating profits.</p>
<p>The travel firm made an underlying operating profit of £447 million in the year to September 30, up from £401 million the previous year. Shares were up 6.9p at 221.3p.</p>
<p>Rolls-Royce dropped more than 1% after Australian airline Qantas said it had launched preliminary legal action against the company, after the recent failure of its Trent-900 engine, which was powering a Qantas A380 superjumbo. The incident resulted in a lengthy grounding of the airline&#8217;s fleet of six A380s while a safety review was conducted.</p>
<p>The airline said it had filed a statement of claim in a federal court that will allow it to launch legal action against Rolls-Royce if required. Shares were down 7p at 611.5p.</p>
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