European shares turn higher after Yellen speech

viernes 26 de agosto de 2016 10:39 GYT

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* STOXX Europe 600 index up 0.7 pct

* Gemalto surges after results

* Fingerpring hit by sell rating

By Danilo Masoni

MILAN, Aug 26 (Reuters) - European shares rose after Federal Reserve Chair Janet Yellen said the case for raising U.S. interest rates had strengthened thanks to improvements in the labour market and expectations for moderate economic growth.

Yellen did not indicate when the U.S. central bank might raise rates, but her comments reinforced the view that such a move could come later this year.

"Markets had been half-expecting some hawkish noises around a possible September rate hike but it looks like the Fed chair is playing it cautious," said Neil Wilson, markets analyst at ETX Capital.

The pan-European STOXX 600 was up 0.7 percent by 1418 GMT, with all sectoral indexes showing positive signs. The index was up 0.1 percent shortly before her comments were published.   Continuación...