EUROPEAN SHARES EDGE UP

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EUROPEAN SHARES EDGE UP – Germany’s DAX rises 0.3% during first trading hour

European shares opened marginally higher led by gains in basic resources, although investor caution ahead of euro zone inflation data limited the rise.

The pan-European STOXX 600 index was up 0.1%, as of 0816 GMT.

Basic resources led sectoral gains with a 0.7% jump after top metal consumer China’s industrial output and retail sales beat forecasts.

On the data front, investors will look out for euro zone final inflation data for the month February and the region’s total trade balance for January, due later in the day.

Investors will also await the Federal Reserve and Bank of England’s policy meetings, due later this week, for more clues on the monetary policy easing cycle.

Germany’s DAX index was up 53 points or 0.3% some 90 minutes into trading and stood at 17,989 points at 10:30 a.m.

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