(MENAFN) European equities wrapped up the opening trading session of the week on a high note, buoyed by growing hopes of reduced trade frictions between the United States and China, alongside a drop in global political uncertainties.

The broader Stoxx 600 index for Europe recorded an uptick of 0.44%, translating to a rise of 2.47 points, finishing the day at 566.63.

Germany’s benchmark DAX 40 index advanced by 0.6%, settling at 24,387.93 points. Meanwhile, the United Kingdom’s FTSE 100 posted a modest increase of 0.16%, closing at 9,442.87 points.

France’s CAC 40 index also saw positive movement, gaining 0.21% to end the day at 7,934.26. In Italy, the FTSE MIB index edged higher by 0.29%, wrapping up the session at 42,167.59 points.
Spain’s IBEX 35 rose by 0.42%, ending the midweek trading at 15,541.6 points.

Investors reacted positively to indications of a potential thaw in the ongoing trade standoff between Washington and Beijing.

The decline in regional tensions, particularly in the Middle East, also helped support market sentiment.

On social media, U.S. President Donald Trump remarked that the United States seeks to assist China, not damage it.

He underlined that he had not canceled a planned discussion with Chinese leader Xi Jinping at the upcoming Asia-Pacific Economic Cooperation (APEC) Summit. Trump further reassured the public, saying, "it will all be fine."

In currency markets, the euro slipped 0.4% against the U.S. dollar, with the exchange rate hovering near 1.1575 as of 1710GMT.

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