Marketmind: Cautious undertone, waiting for Jackson Hole By Reuters

(Corrects typographical error in headline.)

A look at the day ahead in European and global markets from Anshuman Daga.

While Asian stocks managed to make modest gains on Thursday, there is a heavy air of caution among investors ahead of what may prove a pivotal central bank gathering.

Markets are bracing for the U.S. central bank to double down on its commitment to crushing inflation as Federal Reserve Chair Jerome Powell is set to give a speech at its annual summit in Jackson Hole, Wyoming.

The euro zone faces the double whammy of deteriorating growth expectations, while the risk of inflation rising further is increasing.