Barclays and Deutsche Bank shares close at decade highs on trade deal optimism

Banking News
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

 

European stocks rise on trade deal optimism

European stock markets rose on the last trading day of the week on signs of improving trade relationships between the U.S. and China.

The Stoxx Europe 600 index provisionally closed up 1.1%. Regionally, the U.K.’s FTSE 100 rose 0.7% while Germany’s DAX and France’s CAC 40 were up by 1.5% and 1.8%, respectively.

European auto stocks were among the biggest gainers, but shares of Barclays and Deutsche Bank also hit decade highs.

Stocks rise, S&P 500 and Nasdaq hit fresh records at market open

Stocks opened higher on Friday, with the S&P 500 and Nasdaq Composite hitting fresh record-highs at the opening bell.

The broad market index gained 0.2%, alongside the Nasdaq Composite. The Dow Jones Industrial Average gained 176 points, or 0.3%

source: cnbc.com