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FTSE keeps calm and carries on

Calmer trading in New York and Asia helped steady nerves in London today as the FTSE 100 Index recovered from yesterday's 1.5% slump.

Violent protests on the streets of Athens and Madrid sent stocks sharply lower on Wednesday, fuelling concerns over whether Europe will be able to tackle its debt crisis.

But a rebound for mining stocks, with Anglo American and Rio Tinto among those up 2%, meant the top flight stood 20.9 points higher at 5788.9. This was after the Dow Jones Industrial Average finished 0.3% lower and the Nikkei index in Tokyo closed in positive territory.

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