European shares end higher, with Metro and miners outperforming

miércoles 30 de marzo de 2016 12:39 GYT
 

* 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...