Trade-talk optimism boost global markets
Chinese shares rose over 3.1% after US officials said China made proposals in trade talks with the US on a range of issues that go further than before
London — Global stocks rose on Friday on optimism over trade talks between the US and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries. European markets opened higher, with the pan-European Stoxx 600 index up 0.4%. France's CAC 40 index led gains, up 0.77%, while Britain's FTSE 100 index was up 0.6%. Germany's DAX rose 0.4%. The rises came on the back of strong gains in Asia, where Chinese shares climbed more than 3.1% after US officials said China had made proposals in trade talks with the US on a range of issues that go further than it has before, including on forced technology transfer. US treasury secretary Steven Mnuchin said on Friday he had had a "productive working dinner" the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world's two largest economies. "Our base case is for the current tariff truce extension to...
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