European shares rise, with Metro and miners outperforming

miércoles 30 de marzo de 2016 06:29 GYT

* FTSEurofirst 300 up more than 1 pct

* Yellen comments lift global equities

* Germany's Metro surges on demerger plans

* Steelmakers rise on consolidation hopes (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. Adds details, update prices)

By Sudip Kar-Gupta

LONDON, March 30 (Reuters) - European shares rose on Wednesday after Federal Reserve Chair Janet Yellen called for caution in raising U.S. interest rates, boosting equities, while German retailer Metro surged on demerger plans.

The pan-European FTSEurofirst 300 index was up 1.4 percent by 1017 GMT. Germany's DAX gained 1.7 percent while the euro zone's blue-chip Euro STOXX 50 index rose 1.6 percent.

The FTSEurofirst is still down 7 percent since the start of 2016, however, due to concerns about a China-led global economic slowdown.

Such a risk was one reason why Yellen said on Tuesday the U.S. central bank should proceed only cautiously as it looks to raise interest rates.   Continuación...