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When the introduction of the iPhone sparked the mobile internet revolution in 2007, Nokia was the biggest mobile phone maker. It has since ceded that position to Samsung and its share of the crucial smartphone sector has dwindled from nearly 50pc to 3pc in the first half of this year, according to the industry analysts Gartner.

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Important data due from the US are mainly on December 10 Friday including Reuters/Michigan consumer confidence index for November, October trade balance and monthly budget statement for November.

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