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European Stocks Surge on US-China Deal Hopes; Conservatives Win UK Election


Friday, 13 December 2019 15:29 WIB

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European stocks surged Friday morning after news that the U.S. and China have reached a phase one trade deal in principle, while the U.K.’s ruling Conservative Party has won a commanding majority in the general election.

The pan-European Stoxx 600 jumped 1.5% after the opening bell, with banks soaring 3.6% to lead gains as the majority of sectors and major bourses traded firmly in positive territory.

The Trump administration has reached a phase one deal with Beijing, pending approval from President Donald Trump, three sources close to the talks told CNBC on Thursday. European equities had experienced a late bounce during Thursday’s session after the president tweeted that a deal was close.

Source : CNBC


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