European stocks closed higher on Friday, with investors returning to risk assets as fears over the U.S.-China trade battle receded.
The pan-European Stoxx 600 index closed up almost 0.6% to 375.89 with the majority of sectors and all major borses in positive territory. Mining stocks, with their exposure to China and trade news, were among the biggest gainers, jumping over 1%.
That marked a contrast with Thursday’s session, in which European equities dropped sharply on the back of trade jitters.
President Donald Trump signaled Thursday that a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei. “If we made a deal, I can imagine Huawei being included in some form or some part of a trade deal,” Trump said to White House reporters. He also predicted a swift end to the ongoing trade tensions.
Source : CNBC