France39;s Accor gains on Barclays upgrade
Belgium39;s Umicore jumps on JPM upgrade
STOXX 600 flat on healthcare drag

June 19 Reuters European shares were flat in lacklustre trade on Wednesday as losses in heavyweight healthcare and technology stocks undercut gains in mining and travel shares, while British shares lagged following the release of inflation data.

The panEuropean STOXX 600 held steady at 514.67 points as of 0831 GMT, with healthcare among the biggest drags with a 0.3 decline, while technology lost 0.4.

UK39;s FTSE 100  shed 0.2 after data showed British inflation returned to its 2 target in May for the first time in nearly three years, but underlying price pressures remained strong, meaning the Bank of England is likely to wait longer before cutting interest rates.

Services inflation remains high, so core CPI is falling more slowly than the headline rate of inflation, and inflation may actually rise again later this year so the path ahead is not straightforward, Shaun Port, managing director for savings at Chase UK said.

Market focus will now shift to interest rate decisions from central banks in England, Norway and Switzerland later this week.

European shares saw sharp losses last week after French President Emmanuel Macron called for a snap election following a trouncing of his ruling centrist party in the European Parliament elections.

Latest polls suggest Marine Le Pen39;s farright National Rally party is seen leading the first round of the…