European Markets End Week on High Note

European stock indexes closed higher on Friday, buoyed by growing optimism that the global trade war might be easing. Investors reacted positively to recent developments, including statements from United States President Donald Trump regarding trade negotiations.

Trump's Trade Deal Announcements Fuel Market Optimism

President Trump claimed to have made significant progress in trade negotiations, announcing nearly 200 trade deals and a near-final agreement with Japan. He also mentioned a phone call from Chinese President Xi Jinping, further fueling hopes for a resolution to trade tensions.

Uncertainty Remains Among Central Bankers

Despite the positive market reaction, uncertainty lingers. Bank of England policymaker Megan Greene admitted that central bankers are unclear about the final shape of US tariffs, highlighting the unpredictable nature of current trade negotiations.

Market Performances Across Europe

The DAX rose by 0.70%, with MTU Aero Engines leading the gains. The Euro Stoxx 50 and CAC 40 also saw significant increases, while London's FTSE 100 remained flat. Currency markets saw the euro and pound lose ground against the US dollar.