Europe shares fall after shift to Fed rate guidance
* FTSEurofirst 300 loses 0.8 pct, down 1.7 pct in 2014
* Shift to Fed rate outlook sparks pullback in global stocks
* Impact on European stocks milder than on emerging markets
* Insurers like AXA seen as winners of shift in rate outlook
By Blaise Robinson
PARIS, March 20 (Reuters) - European stocks fell broadly on Thursday as global equities pulled back after Federal Reserve Chair Janet Yellen hinted that U.S. interest rates might start to rise sooner than expected.
A number of insurers including AXA and Aegon , seen as benefiting from the shift in the interest rate outlook, bucked the trend and strongly rallied.
In comments which sent U.S. stocks and bonds sinking, Yellen said late on Wednesday that the central bank will probably end its massive bond-buying programme in the autumn, and could start raising interest rates around six months later.
"This is triggering a real correction in interest rate forecasts, with ripple effects hitting virtually all asset classes, from equities to forex," said David Thebault, head of quantitative sales trading at Global Equities. Continuación...