Dovish Fed minutes help European shares to rebound
* FTSEurofirst 300 index rises 1 percent
* Dovish Fed minutes help equities to bounce
* Spie drops IPO plan citing "volatile market"
By Atul Prakash
LONDON, Oct 9 (Reuters) - European shares bounced back on Thursday from the previous session's two-month lows on expectations the U.S. Federal Reserve will not start hiking interest rates until the economy is strong enough to absorb the move.
The FTSEurofirst 300 index of top European shares was up 1 percent at 1,332.34 points by 0752 GMT, after falling 0.8 percent in the previous session.
The market rallied following the release late on Wednesday of the minutes of the Fed's Sept. 16-17 meeting. The Fed expressed concern the rising dollar could slow a needed rebound in inflation and highlighted economic turmoil in Europe and Asia, another factor behind its stance towards keeping an accommodative policy for the near future.
"Overall the Fed still seems to be very cautious and that might lend some support to equity markets. It has to sharpen its forward guidance in the next policy meeting, given the problems that we still see in the global economy," Gerhard Schwarz, head of equity strategy at Baader Bank in Munich, said.
"The market probably will find it hard to get a big support coming from fundamentals as we still have ongoing problems in Europe. But if earnings for the third quarter are not as bad as feared, then that could help the market to gain faith again." Continuación...