India, June 27 -- European stocks advanced on Friday after a White House official said the United States has struck a deal with China to expedite rare earth shipments, marking a significant step towards resolving their ongoing trade war.
Beijing said Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.
The pan European STOXX 600 jumped 0.9 percent to 542.15 and was on track to log its first weekly gain in three weeks.
The German DAX gained 0.9 percent, France's CAC 40 rallied 1.2 percent and the U.K.'s FTSE 100 was up half a percent.
Automakers BMW, Mercedes Benz, Renault and Volkswagen were up 1-2 percent.
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