European shares steady ahead of ECB; Remy dips

jueves 5 de junio de 2014 04:16 GYT

* FTSEurofirst 300 flat, hovers below 6-1/2 yr high

* Risks seen on the downside following the ECB

* Put/call ratio, volatility index signal cautiousness

* Remy drops after posting fall in profit, dividend cut

By Blaise Robinson

PARIS, June 5 (Reuters) - European shares were steady early on Thursday, with indexes hovering below recent multi-year peaks ahead of a European Central Bank meeting that is expected to yield fresh measures to spur euro-zone growth.

At 0752 GMT, the FTSEurofirst 300 index of top European shares was flat, at 1,374.96 points.

At its meeting on Thursday, the ECB is expected to impose negative interest rates on its overnight depositors, seeking to prompt banks to lend instead and to prevent the region from slipping into Japan-like deflation, and launch a long-term refinancing operation (LTRO) targeted at businesses.

A number of traders and fund managers warned of risks of a pull-back in stocks following the ECB announcement and press conference.   Continuación...