Milan's FTSE MIB up 0.14%, London FTSE 100 up 0.21% (Il Sole 24 Ore Radiocor) - Milan , 22 Aug - European share prices were higher, after the minutes from the latest Federal Reserve policy meeting released yesterday reinforced expectations of a US interest rate cut in September.

On the European data front, in August the eurozone's purchasing managers' index (PMI) for the manufacturing sector fell to an eight-month low of 45.6 from 45.8 in July while that for the services sector increased to a four-month high of 53.3 from 51.9, according to preliminary data released by S&P Global and Hamburg Commercial Bank.

A reading above 50 signals expanding sector activity and a reading below 50 a contraction.

At 1135 GMT, London's FTSE 100 was up 0.21% at 8,300.70 points while in Frankfurt the DAX gained 0.31% to 18,508.25 points and in Paris the CAC 40 rose 0.30% to 7,546.95 points.

Milan's FTSE MIB rose 0.14% to 33,360.00 points as Madrid's IBEX 35 gained 0.71% to 11,194.00 points.

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(RADIOCOR) 22-08-24 12:40:34 (0291) 5 NNNN