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The Dow is up 100 points, but still about 30 shy of the 12,000 mark. Meanwhile, the Dow has spent the past two hours hugging the 1290 line. Both have benefited from broad-based support this session.
Bank of England Monetary Policy Committee member Andrew Sentance: said he recognized that fiscal tightening would act as a drag on the UK economy but it should not be a "show stopper" for the tightening of monetary policy.
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