PARIS: European shares advanced on Wednesday amid broad-based gains and upbeat corporate updates while investors digested more comments from US Federal Reserve Chair Jerome Powell’s second day of testimony.

The pan-European STOXX 600 gained 0.9%, buoyed by a 2.1% rise in real estate shares.

French stocks were also up nearly 0.9% after falling in the previous session, as markets assessed the turbulent political situation following Sunday’s legislative election.

Supporting equities, yield on government bonds across the euro zone fell in a sign of investors unwinding the political risk…