European shares pause for breath ahead of data, ECB

martes 3 de junio de 2014 04:29 GYT

* FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 flat

* Investors await inflation, unemployment data

* Markets will use data to gauge ECB meet -fund mngr

By Lionel Laurent

LONDON, June 3 (Reuters) - European stocks gave up some of their recent gains on Tuesday ahead of inflation and unemployment data from the euro zone and Thursday's hotly anticipated European Central Bank meeting.

Recent economic data has pointed to a weaker-than-expected recovery for the single-currency bloc, though share prices have been supported by the prospect of fresh intervention from the ECB when it meets this week.

At 0750 GMT, the pan-European FTSEurofirst 300 index was down 0.1 percent, with benchmark national indexes in Germany, France and the UK flat to 0.2 percent lower.

Euro zone year-on-year inflation for May is expected to remain flat at 0.7 percent, while unemployment for April is also seen flat at 11.8 percent, according to Reuters polls.

"Investors ... are focused on the decision due from the ECB on Thursday," said Daniel Larrouturou, deputy head of Paris-based asset manager Diamant Bleu Gestion, which manages 200 million euros ($272.15 million) in assets.   Continuación...