European shares hit three-month high led by miners, Sodexo

jueves 19 de noviembre de 2015 05:58 GYT

* FTSEurofirst 300 rises 1 pct

* Sodexo rallies after solid update, buyback

* Special dividend boosts Johnson Matthey

By Danilo Masoni

MILAN, Nov 19 (Reuters) - European shares rose to three-month highs on Thursday, helped by strong gains among miners, while French catering-to-vouchers group Sodexo rallied after giving a solid update and launching a share buyback.

The market tracked overnight gains in Asia and the United States, where the mood was helped by indications from the Federal Reserve that the U.S. economy was strong enough to cope with a rate hike.

"Sentiment is positive thanks to signs of solid economic growth with the U.S. economy nearing full employment. In Europe and Japan, central banks are carrying on with easy monetary policy to support growth and this plays in favour of stock markets," said Alessandro Allegri, CEO of Italy's Ambrosetti Asset Management.

The pan-European FTSEurofirst 300 index rose 0.9 percent after falling 0.2 percent on Wednesday, while the euro zone's blue-chip Euro STOXX 50 index rose 1 percent.

Sodexo was up 9.5 percent, its best one day gain since Oct. 2008, after saying it would cut costs further to cope with a volatile global economy and forecast higher revenues and operating profit for the fiscal year 2015-16.   Continuación...