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July 11 (Reuters) - European shares rose on Thursday,
breaking a four-day losing streak, after U.S. Federal Reserve
Chair Jerome Powell cemented hopes of an interest rate cut this
month, lifting stock markets worldwide.
While strong U.S. jobs data last week had investors trimming
bets of a 50 basis points cut in interest rates by the Fed in
July, Powell's remarks saw interest rate futures pricing in
greater odds of an aggressive rate cut this month. MKTS/GLOB
The pan-European stocks benchmark .STOXX rose 0.2% after
accumulating losses of 1.4% over the last four sessions. The
release of Powell's prepared remarks had lifted stocks briefly
into the black on Wednesday, but they closed lower.
The European Central Bank is scheduled to release at 1130
GMT minutes of its last meeting when chief Mario Draghi took a
sharp dovish turn, pushing stock markets higher.
Among stocks, Britain's Reckitt Benckiser RB.L was among
the biggest positives after it agreed to pay up to $1.4 billion
to resolve all U.S. federal investigations in connection with
the sales and marketing of Suboxone Film by its former
prescription pharmaceuticals business Indivior INDV.L .