European markets higher ahead of Powell speech; Nestle down 1.8%

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********* markets higher ahead of Powell speech; Nestle down 1.8%

LONDON — ********* stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson *****, Wyoming.

The Stoxx 600 index was up 0.35% by 12:00 p.m. London time, with all major bourses and the majority of sectors trading in the green. Auto stocks rose 1.01%, while tech stocks slipped 0.57%.

Shares of Nestle fell almost 4%, before paring losses slightly, after the company announced that it was replacing CEO Mark Schneider with company veteran Laurent Freixe following a ******* of lackluster performance. Shares were last seen down 1.7%.

Investors are looking ahead Friday to more signals on the path for monetary policy during a meeting of central bankers at the Jackson ***** Economic Symposium.

They will be looking for more information on an anticipated September Fed cut from Powell. Bank of England Governor Andrew Bailey is also expected to speak.

U.S. futures were slightly higher overnight in anticipation of the speech, while Asia markets mostly fell during Friday’s session.

Elsewhere, U.K. consumer confidence held steady in August, even as household expectations for the economy dipped slightly, fresh data showed Friday.

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