German shares hit one-month high, PostNL surges
(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 for more details)
* Germany's DAX index hits one-month high
* Volumes seen thin as UK, U.S. markets shut
* PostNL shares advance 5.8 percent
By Atul Prakash
LONDON, May 30 (Reuters) - Germany's DAX share index climbed to a one-month high on Monday, with some investors betting that the euro's relative weakness against the U.S. dollar would underpin German exporters.
The DAX was up 0.4 percent by 0741 GMT, after hitting a one-month high, as the euro fell to a 2-1/2 month low after comments by Federal Reserve Chair Janet Yellen on Friday enhanced the prospects of a near-term U.S. interest rate hike.
Yellen said the Fed should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated.
Some analysts said the market would keep a close eye on economic indicators for the market's direction in the near term. Continuación...