European stocks are set for a higher open Friday as investors await a speech from U.S. Federal Reserve Chairman Jerome Powell.
Investors will be watching Powell's speech at the central bank's Jackson Hole symposium late on Friday for hints of future interest rate cuts. Dallas Federal Reserve Bank President Robert Kaplan told CNBC on Thursday that he would like to avoid cutting rates in September, but has an "open mind."
Brexit will also be high on the agenda, after U.K. Prime Minister Boris Johnson met with German Chancellor Angela Merkel and French President Emmanuel Macron this week for talks. Asian stocks were mixed on Friday as tensions between Japan and South Korea escalated, with Seoul canceling an intelligence sharing pact with Tokyo over a bitter trade dispute.
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