India, May 9 -- European stocks closed higher on Friday amid optimism about the U.S. and China agreeing on a trade deal this weekend, close on the heels of U.S. President Donald Trump unveiling the framework of a trade agreement with the U.K. on Thursday.
Trump said on Thursday that the meetings with China on trade and economic issues could be "very substantive" and lead to tariff reductions.
U.S. Commerce Secretary Howard Lutnick told CNBC that dozens of trade deals will be rolled over the next month, but a 10% tariff imposed on most countries will likely stay.
The pan European Stoxx 600 climbed 0.44%. Germany's DAX, which rose to a record high, gained 0.56%. The U.K.'s FTSE 100 and France's CAC 40 closed up 0.46% and 0.7%, respectively...