India, July 9 -- European stocks closed on a strong note on Wednesday amid rising expectations that the European Union and the U.S. will strike a trade deal before the newly announced deadline of August 1.
U.S. President Donald Trump's comments that discussions with the EU have been progressing well helped lift sentiment.
A report from the Financial Times indicated EU negotiators are closing in on a trade deal with the U.S. that would cement higher tariffs than those granted to the U.K.
Trump, who said he will possibly notify the EU within the next few days about the expected export rate, also threatened a steep 50% tariff on copper and hinted that semiconductors and pharmaceuticals will likely be levied heavy duties.
The pan European S...