Wall Street

European shares hit fresh three-month highs after signs of Fed slowdown

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Reuters UK

By Sruthi Shankar (Reuters) -European stocks hit fresh three-month highs on Thursday after minutes from the Federal Reserve’s November meeting signalled a slowdown in the pace of interest rate hikes, with investors looking for fresh cues from the European Central Bank (ECB). The pan-European STOXX 600 index rose 0.3% to its strongest level since Aug. 19, although trading volumes were light due to a U.S. market holiday for Thanksgiving. Wall Street ended with solid gains on Wednesday after the U.S. central bank’s meeting minutes showed a “substantial majority” of policymakers agreed it would “l…

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