Global stocks trail U.S. rise on U.S.-Mexico trade deal optimism

France's CAC 40 edged up 1.2% in early trading to 5,341.86. Germany's DAX added 0.6% at 12,019.60. Britain's FTSE 100 was at 7,313.81, up 07%. U.S. shares were set to drift higher with Dow futures gaining 0.3% at 25,823. S&P 500 futures also rose 0.3% at 2,854.

A modest Wall Street rally gained strength in the final hour of trading after Bloomberg reported that the U.S. was considering delaying a 5% tariff on Mexican goods, set to go into effect on Monday. The report came as the two countries held a second day of trade talks. Trump ordered tariffs of up to 25% on hundreds of billions of dollars' worth of Chinese exports and his administration is preparing to extend them to $300 billion more -- almost all items shipped to the U.S. from China. China has reciprocated with tariffs of its own, among other measures.

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Asian stocks trail U.S. rise on U.S.-Mexico trade deal optimismAsian shares were mostly higher Friday on investor optimism about a possible trade deal between the U.S. and Mexico before tariffs take effect.
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