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LONDON — European stocks rose on Friday as investors focused on the Federal Reserve chairman Jerome Powell’s Speech Later, a meeting was held in Jackson Hole, Wyoming.
this STOXX 600 As of 1:23 p.m. in London, the index was up 0.26%, with all major exchanges and most sectors in the green. Utilities rose 0.81%, while technology fell 0.61%.
Shares Nestle Shares fell nearly 4% after the company announced it would replace Chief Executive Officer Mark Schneider with company veteran Laurent Freixe following a period of underperformance, before paring losses slightly. They were last down 1.7%.
Investors are watching for more signals on the direction of monetary policy from a meeting of central bank governors at the Jackson Hole Economic Symposium on Friday.
They will be looking for more information from Powell about the Fed’s expected September rate cut. Bank of England Governor Andrew Bailey is also expected to speak.
US Futures In anticipation of the speech, the market rose slightly overnight, while Asian Markets Most stocks fell in Friday trading.
UK consumer confidence remained stable in August, despite a slight drop in households’ expectations for the economy, new data showed on Friday.
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