European shares steady ahead of ECB; Voestalpine shines
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MILAN, June 2 (Reuters) - European shares were steady on Thursday, with investors likley to avoid taking large positions ahead of the European Central Bank's (ECB) policy meeting later in the day.
The pan-European STOXX 600 and FTSEurofirst 300 indexes were both up 0.1 percent in early trading, having both fallen around 1 percent in the previous session.
The ECB is expected to keep interest rates firmly on hold but will probably raise growth and inflation forecasts.
Austria's Voestalpine rose more than 5 percent, making it the biggest gainer on the STOXX index, on the back of a higher-than-expected full-year net profit.
The biggest faller was defence contractor Cobham, slumping 16.4 percent after announcing plans this week to raise 507 million pounds via a rights issue.
Today's European research round-up