Market benchmarks in London and Frankfurt rose in early trading. Tokyo and Australia closed lower and Shanghai was little changed.
Markets have "entered a holding pattern" ahead of Powell's speech at an annual gathering in Jackson Hole, Wyoming, Jeffrey Halley of Oanda said in a report. Tokyo's Nikkei 225 shed 0.3% to 20,618.57. Hong Kong's Hang Seng inched up 0.2% to 26,270.04. The Shanghai Composite Index was little changed at 2,880.33.
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