LONDON – European stocks rose on Friday as investors looked forward to the appointment of Federal Reserve Chairman Jerome Powell’s speech at a subsequent conference in Jackson Hole, Wyoming.
this Stoke 600 The index was up 0.29% as of 2:06 p.m. London time, with gains on all major exchanges and the vast majority of sectors. Utilities rose 0.76%, while technology was the only exception, down 0.54%.
shares nestle It fell nearly 4%, then narrowed its losses slightly. company announced The company will replace Chief Executive Mark Schneider with company veteran Laurent Freixe after a period of lackluster performance. The stock last fell 1.1% at 2:05 pm in London.
Meanwhile, Hugo Boss shares rose 4.8% after Frasers, its second-largest shareholder, made a request to acquire more shares, according to a filing with Germany’s competition authority. Reuters.
Investors expect more signals on the path of monetary policy from a meeting of central bankers at the Jackson Hole Economic Symposium on Friday.
They will seek more information on Powell’s expectation that the Fed will cut interest rates in September. Bank of England Governor Andrew Bailey is also expected to speak.
US futures Stocks edged higher overnight in anticipation of the speech, while Asian market Most were lower during Friday’s trading session.
The latest data on Friday showed that UK consumer confidence remained stable in August, although households’ expectations for the economy fell slightly.
