LONDON, Sept 10 (Reuters) - European shares fell early on Friday as reports of Deutsche Bank planning to raise capital sparked worries about the whole sector, while Nokia rose after naming a new CEO.
At 0705 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 1,077.97 points after rising 1 percent in the previous session to a four-month closing high.
Deutsche Bank fell 5.5 percent after sources said it is considering a capital increase of up to 9 billion euros ($11.43 billion) to bolster its balance sheet as Basel capital requirements are finalised.
Other banks to fall included BNP Paribas, Commerzbank and Societe Generale, dxown between 1.9 and 3percent.
"Deutsche is the strongest and it's going first -- who's behind them?," said Philip Isherwood, equity strategist at Evolution Securities in London. "And there's the uncertainty ahead of the weekend and whether Basel III is ratified, and on what sort of time banks have to rebuild finances."
Mobile phone maker Nokia rose 5.6 percent after it said Stephen Elop, the head of Microsoft's Business Division, was to be its new chief executive. (Reporting by Brian Gorman)