Investors will be looking for clues on the U.S. central bank’s new strategy for meeting its price stability and maximum employment goals amid a deep economic crisis caused by the coronavirus pandemic. Powell is set to speak at 1310 GMT.
French advertising group Publicis (PA:PUBP) rose 0.9% after bigger rival WPP (L:WPP) said it had resumed its dividend after cost cuts and a switch to faster ad production helped it to beat dire forecasts for second-quarter trading. WPP shares jumped 4.8%.
German online takeaway food group Delivery Hero (DE:DHER) slipped 1.7% on announcing the acquisition of online grocery service InstaShop after almost doubling its revenues in the first half of 2020.