/Europe Markets: European stocks gain after Conservative victory in U.K. election

Europe Markets: European stocks gain after Conservative victory in U.K. election


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British Prime Minister Boris Johnson

Stocks in Europe rallied on Friday on relief the Conservatives won the U.K. general election as well as anticipation a U.S.-China trade deal will be announced.

The Stoxx Europe 600

SXXP, +1.13%

 surged 1.18% to 412.38.

The U.K. FTSE 100

UKX, +1.52%

 leaped 1.77% to 7402.1, with homebuilders such as Barrett Developments

BDEV, +13.11%

 and banks including Lloyds

LLOY, +6.45%

  among the major movers. Read: British stocks surge after Johnson’s Conservatives win majority

The German DAX

DAX, +0.59%

  gained 0.54% to 13293.06 and the French CAC 40

PX1, +0.70%

 rose 0.63% to 5921.16.

Outside of the U.K. story, Delivery Hero

DHER, +23.35%

 shares jumped 22% after reaching a deal to buy South Korea’s online food delivery service Woowa for $4 billion.

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