Europe closes higher on tariff easing hopes - Breaking The News
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Europe closes higher on tariff easing hopes

EPA-EFE/ETIENNE LAURENT

European indexes ended Friday in the green, as investors continued to pin hopes on signs that the global trade war may be easing. United States President Donald Trump claimed earlier in the day that he had made 200 trade deals, later announcing a near-final agreement with Japan, and added that Chinese President Xi Jinping had called him. Meanwhile, in the United Kingdom, Bank of England policymaker Megan Greene admitted that central bankers have "no idea" what the final shape of US tariffs will be when the dust settles."

The DAX added 0.70%, as MTU Aero Engines advanced 4.64%. The Euro Stoxx 50 jumped 0.79%, with Compagnie de Saint-Gobain gaining 4.65%. London's FTSE 100 traded flat. The CAC 40 increased by 0.48%, the best performer being Accor, going up 6.30%.

The euro traded 0.20% down compared to the US currency, selling for $1.13659 at 5:27 pm CET, whereas the pound lost 0.28% against the greenback to go for $1.33043.

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