European shares hold near 3-month highs as business activity slowdown eases

The survey, however, also showed overall demand continued to decline as consumers cut spending amid a cost of living crisis.

The Fed’s November meeting minutes, due at 1900 GMT, will offer fresh clues on the path of interest rates. Traders have currently priced in a 77 percent chance that the U.S. central bank will hike rates by 50 basis points in December.

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