European stocks open higher after Fed chair signals more rate hikes possible

European shares opened higher on the final trading week of August, as traders weighed the prospect of higher interest rates from the U.S. Federal Reserve and looked ahead to upcoming economic data later in the week.

Germany's DAX 30 rose 125 points at the open, or 0.8%, France's CAC 40 climbed 69 points, or 0.9%, and the Italian FTSE MIB gained 207 points, or 0.7%.Market participants continue to reflect on a roundup of commentary from the Kansas City Federal Reserve's annual retreat in Jackson Hole, Wyoming, last week. At the gathering, a slew of central bankers met to discuss monetary policy and how to address stubbornly high inflation in many major economies.

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