European markets anticipate a mixed opening before Powell's speech.

European markets anticipate a mixed opening before Powell's speech.
European markets anticipate a mixed opening before Powell's speech.

European stocks will open mixed on Friday as investors anticipate U.S. Federal Reserve Chair Jerome Powell's speech from Jackson Hole, Wyoming.

The FTSE index in the U.K. rose by 19 points to 8,295, while the DAX in Germany fell by 24 points to 18,467. The CAC 40 in France also decreased by 9 points to 7,516, and the FTSE MIB in Italy dropped by 9 points to 33,368.

The pan-European Stoxx 600 index ended 0.35% higher on Thursday, with major bourses and most sectors in the green.

Central bankers will provide more signals on the monetary policy path during the Jackson Hole Economic Symposium on Friday, which investors are eagerly anticipating.

The Fed is predicted to make a September cut, and Bank of England Governor Andrew Bailey is also expected to provide additional details.

While U.S. futures rose slightly in anticipation of the speech, Asia markets mostly declined during Friday's trading session.

Despite a slight decline in household expectations for the economy, U.K. consumer confidence remained stable in August, according to new data released Friday.

by Karen Gilchrist

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