European shares post first monthly fall of 2015 after Nokia drop

jueves 30 de abril de 2015 12:50 GYT

* FTSEurofirst 300 drops 0.4 percent

* Nokia leads tech selloff after telecoms profit miss

* SCA, Banco Popular up after results

* Most continental Europe bourses closed Friday for holiday (Adds closing prices)

By Alistair Smout and Francesco Canepa

LONDON, April 30 (Reuters) - A selloff in technology stocks, after disappointing numbers from Nokia, weighed on European shares on Thursday as a pan-European benchmark index marked its first monthly fall this year.

However, most national euro zone indexes were in positive territory after data showed deflation had ended, persuading investors that monetary easing by the European Central Bank was having an effect.

Shares in Finland's Nokia plunged 10.7 percent after it posted quarterly profits well below forecast at its main telecom network equipment business, citing lower software sales, higher costs and challenging conditions in Europe and Latin America.

"It came as a surprise to many because Nokia's business mix was supposed to be a bit better than this," Evli Bank analyst Mikko Ervasti said.   Continuación...