LONDON, Sept 10 (Reuters) - European shares pared losses and turned flat on Friday morning, with banks off the lows they hit earlier in the session on reports of Deutsche Bank raising capital, and Nokia up on appointing a new CEO.
At 0745 GMT, the FTSEurofirst 300 index of top European shares was flat at 1,082.41 points, having been as low as 1,077.31 earlier in the session.
Deutsche Bank was down 4.9 percent. Other banks pared losses, and BNP Paribas was up 0.2 percent.
Mobile phone maker Nokia rose 4.7 percent after it said Stephen Elop, the head of Microsoft's Business Division, was to be its new chief executive.
(Reporting by Brian Gorman)