Cautious trade for European shares ahead of Fed

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LONDON, March 21 (Reuters) - European shares edged lower inearly dealing on Wednesday, with investors cautiously awaitingthe conclusion of a U.S. Federal Reserve meeting for signals onthe pace of expected interest rate rises.

The pan-European STOXX 600 index was down 0.1percent by 0827 GMT, as more cyclical sectors such asfinancials, materials and industrials retreated.

European tech was among the top sectoral gainers, up0.3 percent, led be semiconductor makers.

The sector has, for now, seen little fallout from thereports of Facebook data misuse that have sent the U.S.social media giant's shares down 10 percent over the past twosessions

French luxury goods maker Hermes jumped 2 percentafter its profit margin reached a record in 2017 and the companyincreased its dividend.

Britain's Kingfisher was one of the biggest fallers,down more than 6 percent after beating full-year earningsforecasts but warning that the UK market was "more uncertain".

Ubisoft rose more than 4 percent after Vivendisold its entire stake in the video game maker for 2billion euros ($2.45 billion). Ubisoft has long opposed theFrench media group's involvement in the company.

Vivendi's shares rose 0.9 percent.(Reporting by Kit Reesediting by Tom Pfeiffer)