European shares rise, look set to extend two-week rally
* FTSEurofirst 300 up 0.6 pct
* China investment promise boosts basic resources
* Volatility drops heading as month-end nears
* Insurers suffer from probe threat
By Alistair Smout
LONDON, March 28 (Reuters) - European shares rose in early deals on Friday and looked set to post gains for a second straight week after basic resources stocks received a boost from plans by China to boost investment.
The pan-European FTSEurofirst 300 was up 0.6 percent at 1,330.76 at 0904 GMT, 1.8 percent higher on the week.
The rise took gains over the last fortnight to 3.6 percent, but the index is still down 1.6 percent from a 5-1/2 year high hit in February.
Concerns about the geopolitical situation in Ukraine, slowing Chinese growth and the prospect that U.S. interest rates might rise sooner than expected have seen the index fall 1.3 percent in March. Continuación...