European shares touch three-month high as Sodexo surges
* FTSEurofirst 300 rises 1 percent
* Sodexo rallies after solid update, buyback
* Today's European research round-up at RCH/EUROPE
By Danilo Masoni
MILAN, Nov 19 (Reuters) - European shares rose to three-month highs on Thursday, helped by food and facilities group Sodexo rallying after a solid update and a share buyback announcement.
The market was also helped by indications from the U.S. Federal Reserve that the U.S. economy was strong enough to cope with an interest rate hike.
Expecations of more monetary support from the European Central Bank (ECB) next month added to that.
"Sentiment is positive thanks to signs of solid economic growth with the U.S. economy nearing full employment," Alessandro Allegri, Ambrosetti Asset Management CEO, said.
"In Europe and Japan, central banks are carrying on with easy monetary policy to support growth and this plays in favour of stock markets." Continuación...