India, Aug. 22 -- After showing a lack of direction early in the session, European stocks moved mostly higher over the course of the trading day on Friday.
The major European markets all moved to the upside after closing mixed for two straight days. The French CAC 40 Index climbed by 0.4 percent, the German DAX Index rose by 0.3 percent and the U.K.'s FTSE 100 Index inched up by 0.1 percent.
The strength that emerged in the European markets came as Federal Reserve Chair Jerome Powell's highly-anticipated speech before the Jackson Hole Economic Symposium generated optimism about the outlook for interest rates.
While Powell reiterated the Fed would "proceed cautiously," he also said the "baseline outlook and the shifting balance of risks m...