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European shares fall as growth worries linger, Nokia tumbles

European shares fell on Thursday, weighed down by energy stocks and Nokia shares while investors parsed through a mixed bag of earnings in the region amid lingering concerns for the eurozone economy. Among the biggest drags was Finnish telecom network equipment maker Nokia which slid 10 percent after the company reported a surprise quarterly loss citing hard competition in its core networks business. Nokia shares dragged the tech index lower after its 4 percent surge in prior session.

European markets slightly lower amid earnings; Nokia shares tank 10%

The pan-European Stoxx 600 was down around 0.3% during early morning deals, with most sectors and major bourses in negative territory. Nokia reported a surprise quarterly loss on Thursday, citing tough competition in its core networks business. Shares of the Finnish telecom network equipment maker tumbled more than 10% on the news.

GLOBAL MARKETS-European shares hit highest since August on Credit Suisse, SAP

World shares pared back losses on Wednesday as positive earnings in Europe from Credit Suisse and investor support for SAP helped soothe worries that China has put broader stimulus on hold. European shares crept into positive territory, with the pan-regional STOXX 600 index edging up 0.1 percent to reach its highest level since Aug. 1.

UPDATE 2-Allianz, Amundi considering tie-ups with Deutsche Bank's DWS -sources

European shares dip as China policy concerns temper earnings boost

European shares pulled back from eight-month highs on Wednesday as worries over China putting policy-easing measures on hold offset upbeat earnings in the region from Credit Suisse and SAP. The pan-regional STOXX 600 index was down 0.1 percent by 0732 GMT. The benchmark index has notched gains in the past eight consecutive sessions, with a trend of rebounding from a weaker open.