European shares little changed before ECB; Voestalpine shines
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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...