LONDON, Feb 10 (PTI): European stocks opened higher on Monday, led by
Finnish handset maker Nokia after it settled patent claims with rival
HTC.
Shares in Nokia rallied 6.9 per cent after what analysts at Credit Suisse describe as a "benchmark win", which they see as paving the way for future licensing deals and higher revenues for Nokia.
The stock was the top riser on the pan-European FTSEurofirst 300 index, which was up 0.3 per cent at 1,303.78 points, rising for a third straight session.
The index, up nearly 40 per cent since June 2012 was supported by optimism about a global economic recovery, led by developed economies such as Europe and the United States.
Shares in Nokia rallied 6.9 per cent after what analysts at Credit Suisse describe as a "benchmark win", which they see as paving the way for future licensing deals and higher revenues for Nokia.
The stock was the top riser on the pan-European FTSEurofirst 300 index, which was up 0.3 per cent at 1,303.78 points, rising for a third straight session.
The index, up nearly 40 per cent since June 2012 was supported by optimism about a global economic recovery, led by developed economies such as Europe and the United States.
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