European shares get boost from oil prices, Yellen comments
(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) Updates prices)
* FTSEurofirst 300 share index rises 1.1 percent
* Yellen comments provide support to equities
* Energy stocks boosted as oil price hits 8-month high
* Volatility could rise as Brexit vote approaches
By Danilo Masoni and Atul Prakash
MILAN/LONDON, June 7 (Reuters) - European shares rose on Tuesday after Federal Reserve Chair Janet Yellen pushed back expectations for a rate increase without raising concerns over the strength of the world's largest economy.
Yellen's remarks late on Monday followed Friday's dismal monthly jobs report, which increased jitters over the ability of the U.S. economy to absorb a rate hike as early as June. She called the jobs report "disappointing", but said "one should not attach too much significance to a single report".
Firmer oil prices also helped sentiment. Continuación...