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Aug 29 (Reuters) - European shares inched up on

Thursday, with media and technology stocks boosting the index,

bucking a global dip after Nvidia's ( NVDA ) quarterly results failed to

impress investors.

The pan-European STOXX 600 index was up 0.2%% by

0712 GMT.

Media stocks gained 0.5%, led by a 2.3% jump in

Universal Music Group.

The tech sector rose 0.3%, boosting the index as

European investors shrugged off Nvidia's ( NVDA ) quarterly

forecast that failed to meet the lofty expectations of global

investors.

In contrast, the oil and gas sector dropped 0.2%,

dragged down by a nearly 2% fall in Equinor.

Spain's benchmark IBEX 35 gained 0.1% after data

showed that inflation fell to 2.4% in August.

Data on European economic and business sentiment is due at

0900 GMT, while German consumer prices figures are expected at

1200 GMT.

Markets will also look out for commentary from European

Central Bank's chief economist Philip R. Lane, who is

participating in a panel at 0915 GMT.

Other ECB deputy governors such as Aino Bunge and Olli Rehn

also are taking part in panel discussions.

Among other moving stocks, Pernod Ricard gained 2%

after the Western spirits maker reported full-year sales that

were largely in-line with forecasts.