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FTSE on tenterhooks over Eurozone bailout

The FTSE 100 Index was lower today as investors awaited the decision of a German court on the legitimacy of the eurozone's bailout mechanism.

While it is expected that the ESM will be approved, the emergence of any prohibitive conditions attached to its use by debtor states remained a concern.

London's FTSE 100 Index was 9.3 points lower at 5783, with mining stocks continuing their poor run as Anglo American dipped 40p to 1915p and Eurasian Natural Resources declined 3p to 336.9p.

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