European Markets End Week on a 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 Boost Market Sentiment

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 the ongoing trade disputes.

Uncertainty Remains Over Final Tariff Outcomes

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

Market Performances Across Europe

The DAX and Euro Stoxx 50 saw notable gains, with companies like MTU Aero Engines and Compagnie de Saint-Gobain leading the charge. London's FTSE 100 remained flat, while the CAC 40 in France posted modest gains, with Accor emerging as the top performer.

Currency Movements

The euro and pound both lost ground against the US dollar, reflecting the day's mixed financial signals.