Article: Nokia losses put damper on market exuberance

Eurostoxx 50: 2,939.09 (-11.75) Paris CAC: 3,883.83 (+1.16) Frankfurt DAX: 5,830.77 (-23.37)

EUROPEAN STOCKS ended slightly higher yesterday, helped by takeover fever in the retail sector, but gains were limited by Nokia's surprise loss and big writedown, which knocked tech shares.

The FTSEurofirst 300 index of top European shares closed the roller-coaster session 0.1 per cent higher at 1,017.26 points, after rising to as high as 1,024.34, a level not seen since October 7th, 2008.

Retail stocks rose, with J Sainsbury jumping 10 per cent on market talk that Qatar's sovereign wealth fund was planning a renewed offer for the British grocer, after a previous bid attempt failed in 2007.

The MA ...

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