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REFILE-Tech, banks keep European stocks afloat

Published 23/05/2017, 05:48 pm
© Reuters.  REFILE-Tech, banks keep European stocks afloat
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(Adds dropped word in headline)

LONDON, May 23 (Reuters) - Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday.

The pan-European STOXX 600 .STOXX index was little changed in early deals with mining stocks weaker as metals prices slipped. Germany's DAX .GDAXI rose 0.2 percent while euro zone bluechips .STOXX50E were up 0.3 percent.

European tech firms .SX8P were the standout performers, with the sector up nearly 1 percent after shares in Nokia NOKIA.HE jumped more than 6 percent to their highest level since February 2016 after settling a patent dispute with Apple AAPL.O . resources .SXPP shares retreated. BHP Billiton BLT.L , Rio Tinto RIO.L and Anglo American AAL.L all fell 0.9 percent to 1.2 percent as the price of copper edged lower. MET/L

In the UK, the FTSE 100 .FTSE was up 0.1 percent, hovering close to record highs, as a weaker sterling continued to underpin gains in the exporter-heavy index.

Campaigning ahead of the June 8 general election was suspended after at least 22 people, including some children, were killed in suicide attack in Manchester overnight. was little direct market impact seen from the attack though shares of theme park operator Merlin Entertainments MERL.L were off more than 1 percent and the top losers on the FTSE.

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