Demant up after MS upgrades to overweight
Alcon down after Q2 results
STOXX 600 up 0.2

Aug 21 Reuters European shares edged up on Wednesday buoyed by gains in miners, while investors awaited the minutes of the U.S. Federal Reserve39;s July meeting to gauge the direction of global monetary policy.

The panEuropean STOXX 600 index ticked up 0.2 at 513.11 points. The benchmark snapped a fiveday winning streak on Tuesday.

Basic resources climbed 1 after Shanghai aluminium futures hit a fiveweek high on tightness in raw materials supply.

With no data coming out of Europe on Wednesday, investor focus is on the Fed minutes, due at 1800 GMT, which are expected to reinforce a dovish stance.

Preliminary revisions to U.S. labour data, due at 1400 GMT, will also be closely watched amid expectations of a large downward revision.

The focus will be on U.S. payroll revisions, which, according to Goldman Sachs, could show anything between 600k and 1 million fewer jobs. Should this be the case, it would point to a weaker labour market, potentially raising expectations for a more aggressive ratecutting cycle from the Fed, said Fiona Cincotta, senior market analyst at City Index.

Investors were also treading carefully ahead of the Jackson Hole symposium in Wyoming on Friday, where all eyes will be on Fed Chair Jerome Powell39;s speech.

Oil and gas was the top decliner among sectors as oil prices slipped on higher U.S. crude inventories.

Among individual stocks, Demant rose to…