European stocks open higher ahead of Powell's speech

European stocks rose today as the week wraps up, boosted by the tech sector gains as well as most of the other sectors, amid anticipation for Fed Chair Jerome Powell's speech in Jackson Hole, in the lookout for more evidence on future US interest rate policy.

As of 09:05 GMT, Stoxx Europe 600 Index rose by 0.4%, as it closed yesterday lower by 0.4%, on concerns about the global economy health.

The index rose today, with most of the European markets and sectors, with the tech sector rising by 1.0%.

US Federal Reserve Chairman Jerome Powell will deliver a speech at Jackson Hole by 14:00 GMT,  amid anticipation in the markets in the lookout for more evidence on future US interest rate policy.

S&P 500 futures rose more than 0.5%, as it closed yesterday slightly lower, as investors avoided building positions ahead of Powell's speech.

Euro Stoxx 50 rose by 0.5%, with the French CAC 40 rising by 0.5%, Germany's DAX rising by 0.5%, while in London, the FTSE 100 rose by more than 0.7%.