Having started on a high note, trading on the UK stock indices ended the day rather mixed but still ...
Having started on a high note, trading on the UK stock indices ended the day rather mixed but still managed to leave the FTSE 100 at a new weekly high for the year.
The FTSE 100 gained just 3.5 points or 0.1% to 4244 by close of business on Friday led mainly by insurance firms and Carnival, the cruise line operator.
Carnival Cruises gained an extra 71p or 3.5% to £21.07 while Prudential, the UK's largest life insurer, also closed up 13p or 3.1% to 431.5p and Amlin - the biggest independent Lloyds-listed insurer - made an extra 3p or 2.2% to 140.5p after declaring gross premiums rose over a fifth to $1bn.
Turbo Genset, the small generators manufacturing firm we featured in this week's weekly market update, also had a good day and rose 4p or 9.4% to 46.5p after the US blackout prompted investors to consider alternative power sources.
National Grid Transco did suffer, however, and slipped 11.25p or 2.8%to 385.75p after it was suggested that the huge New York blackout was the result of an error by Transco.
In the US, trading has been limited and most of the attention has been on the power problems that the East coast faces since yesterday.
Despite power slowly creeping back in, trading has so far bounced between huge gains and huge losses - not really getting very far at all after the open of trade was delayed.
The S&P 500 is currently up 0.19 points to 990.70 while the Dow Jones is still relatively flat, having gained 10.57 points or 0.1% to 9321.13 alongside the Nasdaq which has gained just 2.16 points or 0.1% to 1702.50.
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