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Europe Markets: European stocks gain after Conservative victory in U.K. election

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. Read More...
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British Prime Minister Boris Johnson

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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