European Equity Fund, Inc. shares rise 1.98% intraday as investors await Powell's speech at Jackson Hole Symposium.

European Equity Fund, Inc. rose 1.98% during intraday trading. The increase in stock price can be attributed to the overall rise in European shares, with investors focusing on Federal Reserve Chair Jerome Powell's annual address to the Jackson Hole Symposium. Deutsche Bank noted that investors were in a 'jittery mood' ahead of the speech, following stronger-than-expected U.S. economic data. Additionally, the joint EU-U.S. statement on tariffs and the mixed economic indicators from Germany and the U.K. contributed to the market sentiment.