LONDON: European stock markets rallied on Thursday , with Wall Street in record territory, after President Donald Trump said that a trade deal with China was close, emboldening investors to take fresh positions.
Anxiety had been building up ahead of the deadline and so relief was palpable across trading floors after Trump's tweet. "Just before voting opened, the polls suggested that a Conservative majority - seen as the preferred market outcome ... was perceived as increasingly likely," noted AJ Bell investment director Russ Mould.
ECB economists also came up with figures suggesting both an uptick in inflation and"signs of stabilisation in the growth slowdown", which provided the euro with some tailwind.
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