European shares end higher, with Metro and miners outperforming
* FTSEurofirst 300 ends up 1.3 percent
* 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) Adds closing 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, while German retailer Metro surged on demerger plans.
The pan-European FTSEurofirst 300 index closed up 1.3 percent. Germany's DAX gained 1.6 percent and the euro zone's blue-chip Euro STOXX 50 index rose 1.3 percent.
The FTSEurofirst is still down around 7 percent since the start of 2016, however, on concerns about a China-led global economic slowdown.
That threat was one reason Yellen said on Tuesday the Fed should proceed only cautiously to raise interest rates . Continuación...