TELETRADER News
8/23/2019, 9:00 AM (Source: TeleTrader)
more TeleTrader news

Europe opens higher, Jackson Hole in focus

European equities opened in positive territory on Friday as investors await speeches from US central bankers in Jackson Hole. Among them, Federal Reserve Chairman Jerome Powell will speak at the Fed's symposium in Wyoming for the first time since cutting rates last month.

Meanwhile, UK Prime Minister Boris Johnson has been visiting European leaders this week for Brexit talks. German Chancellor Angela Merkel expressed hope for the most "friction-free" Brexit possible and noted that, although it is most likely a solution to the Irish border issue will be found in two or three years, it can still be done in the next 30 days.

Over in Italy, President Sergio Mattarella gave parties five days to agree on a coalition after the government in Rome collapsed.

The DAX gained 0.50% in the first minutes of trading with ThyssenKrupp leading the gains. The CAC 40 advanced 0.44% as Safran topped the chart. The FTSE 100 added 0.49%; ITV was the strongest performer. The euro declined 0.13% against the dollar at 9 am CET, buying 1.10675, while the pound fell 0.39% versus the US currency, going for 1.22048.

Breaking the News / JC