India, May 16 -- European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
Investors also assessed the likely interest rate moves by central banks in upcoming meetings.
Fed Chair Jerome Powell warned in a speech on Thursday that near- zero interest rates are likely to be a thing of the past, and potentially more persistent, supply shocks could goose inflation higher and present a "difficult challenge for the economy and for central banks."
In Europe, Latvian ECB Governing Council member Martins Kazaks indicated market pricing of a 25bps cut at the ...