European Stocks Up as Trump-Xi Meeting Gets Closer
European stock markets closed in the green on Friday, tracking gains on Wall Street, amid expectations that the two world’s largest economies will be able to ceasefire their trade disputes during Trump and Xi meeting on Saturday morning in Osaka. Travel and leisure and technology equities were among the best performers, after Merlin Entertainments agreed to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP. Merlin. The DAX 30 surged 128 points, or 1% to 12,399; the FTSE 100 increased 23 points, or 0.3% to 7,426; the CAC 40 gained 45 points, or 0.8% to 5,539; the IBEX 35 climbed 51 points, or 0.6% to 9,199; and the FTSE MIB rose 124 points, or 0.6% to 21,235.
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