European markets closed higher Friday afternoon as investors track developments at the G-20 summit in Osaka, Japan, where President Donald Trump and Chinese President Xi Jinping are expected to meet amid the ongoing trade war.
The pan-European Stoxx 600 closed 0.7% higher at 384.87. Autos and basic resources, two sectors particularly sensitive to trade-related news, rose almost 0.8% and 1.5% respectively.
The world's two largest economies have maintained firm stances going into the weekend, with the Chinese Ministry of Commerce calling on Washington to cancel its pressure and sanction measures on Huawei and other Chinese companies, while Trump reiterated a threat to impose tariffs on all Chinese imports if talks fail.
Source : CNBC