European Stocks Surge Amid Global Trade Deal Talks
European shares rose as optimism grew over a potential trade deal signaled by U.S. President Donald Trump, lifting markets. The STOXX 600 index rose 0.5%, with sectors like technology posting strong gains. Meanwhile, companies like Anheuser-Busch and Jeronimo Martins saw significant profit-driven share price increases.
European shares saw an uptick on Thursday after U.S. President Donald Trump hinted at progress towards a significant trade agreement, bolstering investor confidence.
The pan-European STOXX 600 index climbed 0.5% by 0835 GMT, alongside rises in Germany and France. Investors anticipated a rate cut from the Bank of England.
Technology stocks led sector growth with a 2.5% rise. Corporate updates also influenced stock movements, with notable gains seen in companies like Anheuser-Busch and Jeronimo Martins.
(With inputs from agencies.)
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