By Steve Goldstein, MarketWatch
Stocks in Europe rallied on Friday on relief the Conservatives won the U.K. general election as well as anticipation a U.S.-China trade deal will be announced.
The Stoxx Europe 600 (STOXX:XX:SXXP) surged 1.18% to 412.38.
The U.K. FTSE 100 (FTSE:UK:UKX) leaped 1.77% to 7402.1, with homebuilders such as Barrett Developments (LON:UK:BDEV) and banks including Lloyds (LON:UK:LLOY) among the major movers. Read: British stocks surge after Johnson’s Conservatives win majority
The German DAX (XEX:DX:DAX) gained 0.54% to 13293.06 and the French CAC 40 (PAR:FR:PX1) rose 0.63% to 5921.16.
Outside of the U.K. story, Delivery Hero (FRA:DE:DHER) shares jumped 22% after reaching a deal to buy South Korea’s online food delivery service Woowa for $4 billion.