European shares touch three-month high as Sodexo surges

jueves 19 de noviembre de 2015 11:27 GYT
 

* FTSEurofirst 300 index touches 3-month high

* Sodexo rallies after solid update and buyback

* Greek bank stocks slide on capital raising plans

By Danilo Masoni

MILAN, Nov 19 (Reuters) - European shares touched 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 buoyed by indications from the U.S. Federal Reserve late on Wednesday that the U.S. economy was strong enough to cope with an interest rate hike.

Expectations 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," said Alessandro Allegri, Ambrosetti Asset Management CEO.

"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...