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The pan-European STOXX 600 closed at a three-month high today, driven by gains in real estate stocks after the minutes of the Federal Reserve's November meeting reinforced expectations of a slowdown in interest rate hikes.
Reuters reported that the European Stoxx 600 index rose 0.5 percent to the highest level since August 18, although trading volumes were limited.
The interest rate-sensitive real estate sector was the best performer in Europe, as its shares rose 2.5 percent as German government bond yields fell, and German housing stock LEG Immobilien jumped 6.8 percent.
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