By Sarah Turner
LONDON -- European shares edged higher Thursday, but uncertainly over earnings capped the upside after Nokia /zigman2/quotes/207421390/composite NOK +1.57% posted a loss and Citigroup reported a small profit.
The pan-European Dow Jones Stoxx 600 index rose 0.1% to 247.28 , its highest close since October 2008.
Among major national indexes, the German DAX lost 0.4% to 5830.77, the French CAC-40 was little changed at 3883.83 and the U.K. FTSE 100 lost 0.6% to 5222.95.
"Every day, the bar has been raised for earnings. If they don't beat, there could be disappointment," said Stephen Taylor , strategist at Dolmen Stockbrokers.
There was certainly disappointment in Nokia, which fell 11% in Helsinki after it reported an unexpected loss for the third quarter.
Miners were also weak amid deal disappointment and lower metals prices. In London, Anglo American lost 4.1% after Xstrata said it wouldn't make a bid. Xstrata fell 2%.
But speculation over a bid from Qatar pushed J. Sainsbury up 10%.
Tandberg rose 1.8% in Oslo as holders of more than 24% of Tandberg rejected a bid by Cisco.
RHJ International jumped 13% in Brussels after it said it had agreed to buy Kleinwort Benson's private-banking, wealth-management and fiduciary businesses from Commerzbank /zigman2/quotes/200193353/delayed DE:CBK -0.82% . Commerzbank slipped 0.6%.
In Paris, Remy Cointreau /zigman2/quotes/206802273/delayed FR:RCO +1.30% jumped 8.5% after reporting first-half revenue that beat expectations.
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