The Fed's indication of a possible September rate reduction has European markets poised for a mixed start.

The Fed's indication of a possible September rate reduction has European markets poised for a mixed start.
The Fed's indication of a possible September rate reduction has European markets poised for a mixed start.

European stocks were set for a mixed start on Thursday as investors awaited signals from the Federal Reserve regarding the direction of interest rate changes.

On Wednesday, the pan-European Stoxx 600 index finished higher, with most sectors in positive territory, as markets bounced back after a losing streak on Tuesday.

Officials are likely to cut interest rates in September, according to the vast majority of participants in the Fed minutes released Wednesday, as they moved closer to a long-awaited decision during their July meeting.

On Thursday morning, U.S. stock futures were slightly down as investors anticipated Fed Chair Jerome Powell's speech at Jackson Hole, Wyoming on Friday.

Markets in Asia were mixed as investors processed economic data from Australia and Japan and anticipated PMI figures from India.

In Europe, insurers Swiss Re and Aegon release earnings on Thursday, while the U.K. and European Union release purchasing managers index data.

by Karen Gilchrist

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