European shares little changed before ECB; Voestalpine shines

jueves 2 de junio de 2016 04:41 GYT

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* Pan-European STOXX 600 index flat

* ECB to keep rates on hold, expected to lift inflation target

* Voestalpine, Johnson Matthey rise after results

* Munich Re weighed down by price target cuts

By Danilo Masoni

MILAN, June 2 (Reuters) - European shares steadied on Thursday, with investors avoiding taking large positions ahead of the European Central Bank's (ECB) policy meeting later in the day, while Voestalpine was boosted by well-received results.

While keeping interest rates firmly on hold, the ECB is expected to raise growth and inflation forecasts, a rare positive step even as it emphasises persistent negative risks and a readiness to provide more stimulus.

However some investors expect some volatility when the central bank's chief Mario Draghi speaks after the policy announcement.   Continuación...