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March 18 Reuters European shares edged higher on Monday, supported by strength in commoditylinked stocks, although investor caution ahead of euro zone inflation data curbed gains.

The panEuropean STOXX 600 index was up 0.1, as of 0852 GMT.

Oil and gas stocks led sectoral gains with a 0.7 jump, tracking crude prices higher on market view that supply was tightening.

Basic resources followed suit with a 0.3 rise after industrial output and retail sales beat market expectations in top metals consumer China.

Given the backdrop of low valuations and poor sentiment, markets will take less bad news very positively and that39;s what we39;re seeing in China right now, said Ben Laidler, global markets strategist, eToro.

The technology subindex advanced 0.4 as techfixated investors geared up for an annual developer conference by artificial intelligence AI darling Nvidia starting later in the day.

On the data front, investors remained cautious ahead of euro zone final inflation data for the month of February and the region39;s total trade balance for January expected on Monday.

The U.S. Federal Reserve, Bank of Japan and Bank of England39;s monetary policy meetings, due later this week, will also be on investor radar for more clues on the trajectory of monetary policy easing cycle.

Growth has been stronger than expected,…