European shares boosted by oil prices, Yellen

martes 7 de junio de 2016 12:33 GYT
 

(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) Adds closing prices)

* FTSEurofirst 300 share index rises 1.2 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 touched a one-week high 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...