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Jerome Powell39;s speech at 1400 GMT
STOXX 600 up 0.1

Aug 23 Reuters European shares were largely flat on Friday, navigating through mildly turbulent trading, as investors were cautious ahead of Federal Reserve Chair Jerome Powell39;s eagerlyawaited speech later in the day.

The panEuropean STOXX 600 index rose 0.1 to 516.37 at 0820 GMT.

ALL EYES ON POWELL39;S SPEECH

The fear gauge Euro STOXX volatility index saw an uptick this week and was last at 15.88 points.

Despite three Fed speakers on Thursday alluding to a rate cut in September, and voicing support for a slow and methodical approach, investors were jittery, wary of any unexpected twists at Powell39;s speech at the Jackson Hole symposium in Wyoming, due at 1400 GMT.

Overnight, Wall Street also lost ground, with all three major indexes losing between 0.4 and 1.67.

Powell never gives out free information just for the sake of it. We39;ll definitely get confirmation over a rate cut today, but I wouldn39;t be surprised if he still comes off as pretty reluctant, Daniela Hathorn, senior market analyst at Capital.com said.

Bank of England Governor Andrew Bailey is also scheduled to speak at the symposium later in the day.

London39;s FTSE was up 0.2.

STOXX 600 LAGS SP500

The continentwide index was set to log a 1 gain this week and also on course for a threeweek winning streak, a move last seen nearly five months ago.

However,…