European stocks rose on Friday ahead of a pivotal speech on the future of U.S. interest rates.
The Stoxx Europe 600 index
SXXP, +0.37%
rose 0.49% to 376.11, with similar gains for the major national indexes. Banks including HSBC Holdings
HSBA, +0.34%
and UBS Group
UBSG, +0.48%
advanced.
Federal Reserve Chairman Jerome Powell is due at 10 a.m. Eastern to address the Jackson Hole conference on challenges for monetary policy. After European markets close, Bank of England Governor Mark Carney also will address the venue.
Opinion: Brace for a stock market drop if the Fed’s Powell doesn’t yield to Trump
Related: The Bank of England’s rate problem isn’t about to go away
Source : MTV
