Global shares traded mixed Friday ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates.

France's CAC 40 rose 0.3% in early trading to 7,546.93, while Germany's DAX gained 0.4% to 18,563.15. Britain's FTSE 100 added nearly 0.2% to 8,302.17. U.S. shares were set to drift higher with Dow futures up 0.3% at 40,930.00. S&P 500 futures rose 0.4% to 5,614.75.