Nokia Rallies As European Markets Show Slight Gains

Here’s our roundup of key moves in European shares this morning.

Unfazed by a downgrade from Goldman Sachs Group, Inc. (NYSE:GS) last week, Nokia Corporation (NYSE:NOK) was on traders’ radar and closed higher by 5.7 percent to €2.09, as they anticipated that the beaten down phone-maker could benefit from a change in fortunes, after it releases its new high-end phones before Apple’s Inc. (NASDAQ:AAPL) new gen iPhone.

In general, Europe continued to float at a four-month high, as global risk appetite went into overdrive, following soothing noises by the ECB and surprisingly good job numbers out...