European stocks opened higher Friday as investors await a speech from U.S. Federal Reserve Chairman Jerome Powell.
The pan-European Stoxx 600 climbed 0.4% at 376.20 at the opening bell, technology stocks leading gains with a 1.1% rise as all sectors and major bourses traded in positive territory.
Investors will be watching Powell’s speech at the central bank’s Jackson Hole symposium late on Friday for hints of future interest rate cuts. Dallas Federal Reserve Bank President Robert Kaplan told CNBC on Thursday that he would like to avoid cutting rates in September, but has an “open mind.”
Source : CNBC