India, June 27 -- European stocks closed higher on Friday as trade tensions eased after United States struck a deal with China to expedite rate earth shipments.
The deal marks a significant step towards resolving the ongoing trade war between the world's two largest economies.
Beijing said Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.
Easing concers about Middle East tensions contributed as well to markets' positive move.
The pan European Stoxx 600 climbed 0.89%. The U.K.'s FTSE 100 gained 0.6%, Germany's DAX closed 0.79% up and France's CAC 40 jumped 1.4%. Switzerland's SMI ended 0.84% up.
Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finl...