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
surged 1.18% to 412.38.
The U.K. FTSE 100
leaped 1.77% to 7402.1, with homebuilders such as Barrett Developments
and banks including Lloyds
among the major movers. Read: British stocks surge after Johnson’s Conservatives win majority
The German DAX
gained 0.54% to 13293.06 and the French CAC 40
rose 0.63% to 5921.16.
Outside of the U.K. story, Delivery Hero
shares jumped 22% after reaching a deal to buy South Korea’s online food delivery service Woowa for $4 billion.