European Stocks Climb on US-China Trade Deal Optimism

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on Dec. 30, 2019. Reuters

European stocks were up on Thursday, driven by growing optimism of a resolution to the U.S.-China trade war.

The French CAC40 index (.FCHI), a composite of 40 of the 100 biggest market caps on the Euronext Paris exchange, rose by just over 1.3 percent to 6,058.14 points in morning trading. The pan-European STOXX 600 index (.STOXX), a composite of the shares of large, mid, and small-cap companies across 17 European countries, was up 1 percent as of 11 a.m. CET.