European shares rise, with retailer Metro and miners outperforming
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)
* FTSEurofirst 300 up around 1 pct
* Yellen comments lift global equities
* Germany's Metro AG surges on demerger plans
By Sudip Kar-Gupta
LONDON, March 30 (Reuters) - European shares rose on Wednesday as Federal Reserve Chair Janet Yellen called for caution on raising interest rates, boosting equities, while German retailer Metro surged on demerger plans.
The pan-European FTSEurofirst 300 index advanced 1.2 percent. Germany's DAX gained 1.2 percent while the euro zone's blue-chip Euro STOXX 50 index rose 1.2 percent.
The FTSEurofirst still remains down 7 percent since the start of 2016, due to concerns about a China-led global economic slowdown.
Such risks were one reason as to why Yellen said on Tuesday that the U.S. central bank should proceed only cautiously as it looks to raise interest rates. Continuación...