Europe Markets: European stocks set to break 4-day losing streak after Fed minutes

European’s benchmark stock index rose for the first time in five sessions on Thursday, with resource companies leading the charge higher on hopes the U.S. Federal Reserve won’t raise rates this year.

The Stoxx Europe 600 index SXXP, +0.72% gained 0.5% to 342.16, partly recovering from a 0.8% drop on Wednesday.

Wednesday’s weakness came as investors feared the minutes from the Federal Reserve’s July would signal a rate hike could happen as soon as September. However, the meeting account out after the European market closed on Wednesday showed the central bank officials remain split over whether a rate increase is needed soon.

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