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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/us-results-help-ease-ftse-declines.jpg"><img class="alignnone size-full" title="The FTSE 100 was 5.7 points down at 5875.7" src="http://londonglossy.com/wp-content/uploads/2011/01/min-us-results-help-ease-ftse-declines.jpg" alt="The FTSE 100 was 5.7 points down at 5875.7"/></a></p>
<p>Another round of robust annual results on Wall Street has helped ease declines on London&#8217;s FTSE 100 Index amid fears over political unrest in Egypt.</p>
<p>Better-than-expected earnings from oil giant Exxon added to news of a jump in US consumer spending to offset investor worries over the impact of Egypt&#8217;s woes on oil supplies.</p>
<p>There was also relief that the Suez Canal &#8211; a key route for oil tankers &#8211; remained open despite ongoing political tension, helping the Footsie pare back losses to stand 5.7 points down at 5875.7.</p>
<p>Other markets across Europe also narrowed losses, with the Cac 40 in France down just two points and Germany&#8217;s Dax off 0.2%.</p>
<p>But the Dow Jones industrial average saw a cautious start to trading, up 10 points.</p>
<p>In London, travel-based stocks such as TUI Travel, Thomas Cook and British Airways owner International Consolidated Airlines Group were among those under pressure.</p>
<p>Sterling fought back against the greenback, with the pound up 0.9% to just under 1.60 dollars.</p>
<p>Heavyweight banks such as Barclays and Royal Bank of Scotland were shaken by the uncertainty. Barclays was down 3.8p at 294.4p, a drop of more than 1%, while RBS fell 0.8p to 41.9p.</p>
<p>With Thomson holidays owner TUI Travel cancelling flights to the Egyptian city of Luxor, shares in the blue chip company dropped 6.1p to 253.7p.</p>
<p>Newly merged BA and Iberia firm IAG dropped 3.2p to 257.8p, while InterContinental Hotels slipped 14p to 1315p. FTSE 250 tour operator Thomas Cook shed 5.7p to 190.9p.</p>
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