NewsBreak: Europe Stocks Surge on U.K. Poll. U.S. Trade, Fed Repo Plans

Investing.com — European stocks surged in early trading on Friday on a combination of the U.K. election result, signs of an imminent trade deal between the U.S. and China, and the Federal Reserve’s plans to prevent a repeat of the year-end volatility seen in 2018.

By 3:10 AM ET (0810 GMT), the midcap U.K. was up 4.9%, while the more global was up 0.9%. Royal Bank of Scotland (LON:), Lloyds Banking Group (LON:) and Barclays (LON:) all posted gains of nearly 10%.

The benchmark index was up 1.4% at 413.26. The trade-sensitive German was up 1.2%, led by automotive stocks Volkswagen (DE:) and Continental (DE:).

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