European Stocks Climb on Trade Talk Optimism

In a significant upturn, major European stock indexes continued their upward trajectory this Friday. The surge came after China indicated it might engage in discussions with the United States regarding the reciprocal tariffs that have been a point of contention between the two economic powerhouses.

DAX and CAC 40 Lead the Charge

The DAX experienced a notable increase, climbing by 2.15%, or 483 points, by 4:05 pm CET. Not far behind, the CAC 40 saw a rise of 1.82%, or 138 points. The Euro Stoxx 50 also enjoyed a healthy jump of 1.84%, while the FTSE 100 advanced by 1.07% by 4:21 am ET.

Currency Movements Reflect Market Sentiment

The euro appreciated by 0.62% against the US dollar, reaching $1.13605 by 4:23 pm CET. Similarly, the pound sterling strengthened by 0.27% against the dollar, trading at $1.33134.