European shares steady ahead of ECB meeting, Roche up
(Adds details, quote)
* FTSEurofirst 300 down 0.08 percent
* Publicis slumps after growth target cut
* Roche, Orange rise after outlook lifted
By Danilo Masoni
MILAN, Oct 22 (Reuters) - European shares steadied on Thursday as investors awaited a European Central Bank policy meeting later in the day and with sentiment lifted by good earnings updates including from drugmaker Roche.
The pan-European FTSEurofirst 300 index was 0.08 percent lower after closing broadly flat in the previous session, while the euro zone's blue-chip Euro STOXX 50 index < .STOXX50E> edged up 0.02 percent.
The ECB is likely to keep the door open for more monetary stimulus but stop short of taking new policy steps at a meeting on Thursday as it awaits fresh indications about the outlook for euro zone inflation.
"Today we can expect trade to be choppy ahead of the ECB. But the fact that European shares are flat to slightly positive after declines at Wall Street overnight reflects a recovery of sentiment," said Anthilia Capital Partners fund manager Giuseppe Sersale. Continuación...