Europe shares dip after shift to Fed rate guidance
* FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.3 pct
* Shift to Fed rate outlook sparks pullback in global stocks
* Impact on European stocks milder than on emerging markets
* Siemens boosted by UBS rating upgrade
By Blaise Robinson
PARIS, March 20 (Reuters) - European stocks fell in early trade on Thursday, mirroring a drop in global equities after U.S. Federal Reserve Chair Janet Yellen hinted at a potential earlier-than-anticipated increase in interest rates.
In comments which sent U.S. stocks and bonds sinking, Fed Chair Janet Yellen said the central bank will probably end its massive bond-buying programme in the fall, and could start raising interest rates around six months later.
"This is triggering a real correction in interest rates forecasts, with ripple effects hitting virtually all asset classes, from equities to forex," said David Thebault, head of quantitative sales trading, at Global Equities.
At 0837 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,302.56 points, while the euro zone's blue-chip Euro STOXX 50 index was down 0.3 percent at 3,066.87 points. Continuación...