European stocks rose while the dollar fell after minutes from the Federal Reserve meeting showed support for more gradual interest-rate increases.
The Stoxx Europe 600 index extended its recent rally, boosted by the prospect of slower rate hikes and analyst upgrades, as the real estate sector outperformed.
Due to the Thanksgiving holiday, trading volumes are lower, with no cash or equity market trading. Wall Street futures increased after the S&P 500 hit a two-month high on Wednesday. Asia's equity benchmark rose.
Minutes from the Fed meeting earlier this month revealed that several officials agreed on the need to slow the pace of rate hikes, even as some argued for a higher terminal rate. This adds to expectations that the central bank will raise rates by 50 basis points next month, capping a run of 75 basis point hikes.
