REFILE-European shares turn flat after Draghi raises inflation forecasts
(Refiles to fix typographical error in 4th paragraph)
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By Alistair Smout and Francesco Canepa
LONDON, June 3 (Reuters) - European shares turned flat late on Wednesday, mirroring a selloff in German bonds, after the European Central Bank raised its inflation forecasts and said it would look through any debt market volatility.
Main indexes gave away early gains while the euro rose broadly and German Bund yields soared after ECB President Mario Draghi said the bank would maintain a steady policy and look through bond market volatility.
The pan-European FTSEurofirst 300 index was up 0.1 percent at 1,573.90 points at 1411 GMT, after trading as high as 1,586.92 points before Draghi's comments.
"What people are slightly disappointed about is that it doesn't sound like Draghi wants to do more in the short term... (and) any rise in the euro will put pressure on equities," Veronika Pechlaner, European fund manager at Ashburton, said. Continuación...