European shares ended half a percent higher after a day of choppy trading.
So called defensive stocks, such as drugmakers, were weak including Novartis, AstraZeneca, GlaxoSmithKline and Sanofi Aventis Airlines dropped in value off the back of British Airways’ first full-year loss since 2002. Nokia, the world’s biggest mobile phone maker, was down over six percent after market researcher Gartner, which specialises in the sector, said Nokia’s market share fell in the early part of the year. There were big gains for mining companies as copper prices rose 2.2 percent in London. Energy producers slid as oil traded off its recent highs. The dollar has continued to weaken against the euro, the British pound and other major currencies.