(Reuters) -European shares edged higher on Thursday, as investors cautiously awaited the European Central Bank’s monetary policy verdict and a key inflation report out of the United States later in the day.

The pan-European STOXX 600 edged up 0.1% to 553.03 points, as of 0711 GMT, with personal and household goods leading sectors higher with a 0.5% rise.

The sector got a boost from Kering’s 1.5% gain after the Gucci owner said it will not fully buy Italian fashion brand Valentino until at least 2028, pushing back the execution of an expensive deal that has been weighing on the heavily indebted group.

The main event for the day will be the European Central Bank’s interest rate decision expected at 1215 GMT.

Most economists are expecting no change to borrowing costs but investors will sc

See Full Page