EUROPE MARKETS: European Stocks Rise Ahead Of Powell Speech On Interest Rates
August 23 2019 - 3:56AM
Dow Jones News
By Steve Goldstein, MarketWatch
European stocks rose on Friday ahead of a pivotal speech on the
future of U.S. interest rates.
The Stoxx Europe 600 index rose 0.49% to 376.11, with similar
gains for the major national indexes. Banks including HSBC Holdings
(HSBA.LN) and UBS Group 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
(http://www.marketwatch.com/story/brace-for-a-stock-market-drop-if-the-feds-powell-doesnt-yield-to-trump-2019-08-22)
Related: The Bank of England's rate problem isn't about to go
away
(http://www.marketwatch.com/story/dancing-in-the-dark-the-bank-of-englands-rate-problem-isnt-about-to-go-away-2019-08-20)
(END) Dow Jones Newswires
August 23, 2019 03:41 ET (07:41 GMT)
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