After a slow start, the FTSE 100 has made a small gain of 2.7 points, or 0.05%, to 5,467.8, thanks to a surge in mining stocks after a rise in copper prices.
BHP Billiton, the world's biggest mining company, has climbed 13.5p, or 1.61%, to 854.5p as copper futures in Shanghai rose for a second session on speculation China's stockpiling agency may buy more of the metal to help damp prices. Rio Tinto, the world's third-largest mining company, has also added 32p, or 1.4%, to 2,368p.
Meanwhile some of the biggest losers on the FTSE are Friends Provident, which has slipped 2.5p, or 1.31%, to 188.5p, while Cable and Wireless has slipped 1.25p, or 0.99%, to 125.25p.
Chrysalis Group, whose Heart 106.2 FM is London's most popular commercial radio station, has dropped 5.5p, or 3.9%, to 137.5p, as the company announced a full-year loss of £34.4m, compared with a profit of £5.2m a year earlier.
SkyePharma, which improves product formulations for drugmakers, has also added 4p, or 8.7%, to 50p, after the company said it has received an unsolicited offer, and have hired Lehman Brothers Holdings to review its options, which include selling the company.
In Japan the Nikkei 225 Stock Average fell 39.02 points, or 0.28%, to 14,116.04, with banks and insurers leading the decline on signs that overseas demand for the nation's stocks may be waning.
Overseas investment in Japanese equities fell for a second month in October, according to a government report. Figures from the Ministry of Finance revealed overseas investors' net purchases of Japanese stocks fell to 1.05 trillion yen in October.
Mitsubishi UFJ, the world's largest bank by assets, fell 30,000 yen, or 1.9%, to 1.53 million, while Millea, the biggest non-life insurer, lost 40,000 yen, or 1.9%, to 2.03 million.
Meanwhile some technology-related shares rose, with Advantest, the world's biggest maker of memory-chip testing equipment, climbing 250 yen, or 2.8%, to 9,230, after saying that operating profit will increase by 67% in three years.
Among other chip-related shares, NEC Electronics, the world's largest maker of semiconductors for mobile-phone displays, jumped 220 yen or 6.1%, to 3,850, while Tokyo Electron, the world's No. 2 maker of chip-production equipment, added 40 yen, or 0.6%, to 6,680.
In the US on Friday the Dow Jones Industrial Average closed up 45.94 points, or 0.43%, to 10,686.04 thanks to a drop in oil prices and good earnings news.
General Motors led the advance with a rise of $0.97, or 4.13%, to $24.48, closely followed by McDonalds, which rose $0.57, or 1.72%, to $33.80.
Meanwhile the loser board on Friday was led by Boeing, which dropped $0.75, or 1.13%, to $65.35, while Johnson & Johnson came a close second with a drop of $0.49, or 0.8%, to $60.92.IFAonline
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