- August 23, 2024
- By: Admin1_blog
- EU Market, Indices
Karen Gilchrist@_karengilchrist
LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson Hole, Wyoming.
European markets
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 8305.33 | 17.33 | 0.21 |
| .GDAXI | DAX | 18542.38 | 48.99 | 0.26 |
| .FCHI | CAC 40 Index | 7547.49 | 23.38 | 0.31 |
| .FTMIB | FTSE MIB | 33538.52 | 227.59 | 0.68 |
| .IBEX | IBEX 35 Idx | 11228.3 | 72 | 0.65 |
The Stoxx 600 index was up 0.18% in early deals, with all major bourses and the majority of sectors trading in the green. Bank stocks rose 0.8%, while tech stocks slipped 0.47%.
Investors are looking ahead Friday to more signals on the path for monetary policy during a meeting of central bankers at the Jackson Hole Economic Symposium.
They will be looking for more information on an anticipated September Fed cut from Powell. Bank of England Governor Andrew Bailey is also expected to speak.
U.S. futures were slightly higher overnight in anticipation of the speech, while Asia markets mostly fell during Friday’s session.
Elsewhere, U.K. consumer confidence held steady in August, even as household expectations for the economy dipped slightly, fresh data showed Friday.
Source : cnbc
