Stocks in Europe rallied on Friday on relief the Conservatives won the U.K. general election as well as anticipation a U.S.-China trade deal will be announced.
The Stoxx Europe 600 SXXP, +1.07% surged 1.18% to 412.38.
The U.K. FTSE 100 UKX, +1.53% leaped 1.77% to 7402.1, with homebuilders such as Barrett Developments BDEV, +12.43% and banks including Lloyds LLOY, +6.48% among the major movers. Read: British stocks surge after Johnson’s Conservatives win majority
The German DAX DAX, +0.43% gained 0.54% to 13293.06 and the French CAC 40 PX1, +0.53% rose 0.63% to 5921.16.
Outside of the U.K. story, Delivery Hero DHER, +23.35% shares jumped 22% after reaching a deal to buy South Korea’s online food delivery service Woowa for $4 billion.
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