European shares fall from highs, turn lower after ECB

miércoles 3 de junio de 2015 13:10 GYT

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By Alistair Smout and Francesco Canepa

LONDON, June 3 (Reuters) - European shares turned lower 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 down 0.1 percent at 1,570.76 points, even while most national indexes remained in positive territory, with the index price skewed by a surge in the euro following Draghi's comments.

However, the likes of Germany's DAX and France's CAC did fall back from their intraday highs, with investors saying that Draghi might have been more dovish.   Continuación...