LONDON -- It was a bit of a struggle out there this morning. The hands that were being sat on Thursday before the Bank of England's interest rate decision were in the same position and all but numb because of the nonfarm payroll and earnings data due out later today.

The

FTSE 100

at one point was 24 points higher, but by midmorning was down 1.9 points to 6417.7.

The

Nasdaq's

Thursday rally helped breathe some life into tech stocks. The

Techmark

rose 20 points to 3425.4 as software and information technology consultancy group

Logica

-- the worst performing Footsie stock Thursday -- rallied 68p to

16.18 ($24.59).

Geo Interactive Media

, which came out with a positive earnings update Thursday and still lost ground, rebounded 57p to

11.25.

ARM Holdings

(ARMHY)

attracted further support and rose 16p to 725, but

Bookham Techology's

(BKHM)

recent strong run came to an end as the stock was down 24p to

42.30 on light profit-taking.

In the telecom sector,

Cable & Wireless

(CWP)

was on the move again with rumors of a takeover bid from

Deutsche Telekom

(DT) - Get Report

still making the rounds. C&W was up 7p to

11.97. Deutsche Telekom fell 0.20 euro to 58.25, however, erasing initial gains from news it would invest up to $1 billion with

Singapore Telecom

and

Globe Telecom

in a mobile phone venture in the Philippines.

Vodafone AirTouch

(VOD) - Get Report

encountered profit-taking after its recent strong run and slipped 4p to 308.

Among the media stocks,

BSkyB

(BSY)

was 25p lower to

12.68 as speculation surfaced again that

Vivendi

(VVDIY)

is preparing to unload its stake in the U.K. satellite TV broadcaster.

Pearson

rose 33p to

19.88, but

Reuters

(RTRSY)

was off 19p to

12.63.

Tradepoint Financial Networks

was still benefiting from this week's news that the

Securities Exchange Commission

has given approval for U.S. investors to deal in European equities via its system. Tradepoint was up 15p to 188.

Most of Europe's other major stock markets were moderately higher, with technology and telecom shares leading the way. The

Xetra Dax

in Frankfurt was down 8.47 to 6942.62 and the

CAC 40

in Paris was 25.76 higher to 6479.73. The

Neuer Markt's

tech-heavy

Nemax 50

index was up 20.7 to 6095.6.

Big German tech shares were slavishly following the Nasdaq's rebound, with

Siemens

(SMAWY)

up 1.25 euros to 163.85 ($155.77),

Epcos

(IFX)

up 2.77 euros to 110.15 and

SAP

(SAP) - Get Report

off 1.95 euros to 195.35.

Most European telcos were also higher early on, with

France Telecom

(FTE)

up 0.30 euro to 146.00 and

Telefonica

(TEF) - Get Report

up 0.21 euro to 24.21.

Telco equipment makers were also higher, as

Nokia

(NOK) - Get Report

rose 22.50 kronar to 472.50 ($53.14),

Ericsson

(ERICY)

gained 11.00 kronar to 190.00 and

Alcatel

(ALA)

was boosted 2.05 euros to 74.00.