European shares rise as Yellen keeps options open

viernes 26 de agosto de 2016 12:53 GYT

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* STOXX Europe 600 index up 0.5 pct

* Miners top sectoral gainers

* Gemalto surges after results

* Vivendi down as results disappoint

By Danilo Masoni

MILAN, Aug 26 (Reuters) - European shares rose on Friday after Federal Reserve chair Janet Yellen gave no firm indication about when the Federal Reserve might raise interest rates, encouraging markets after hawkish comments from Fed policymakers last week.

Yellen however said that the case for a rate hike had strengthened thanks to improvements in the labour market and expectations for solid economic growth, reiterating that future increases should be "gradual".

The pan-European STOXX 600 rose 0.5 percent, with almost all sectoral indexes showing gains. The index was up 0.1 percent shortly before Yellen's comments were published.   Continuación...