European stocks were seen higher Friday morning after news that the U.S. and China have reached a phase one trade deal in principle, while the U.K.'s ruling Conservative Party has won a commanding majority in the general election.
The Trump administration has reached a phase one deal with Beijing, pending approval from President Donald Trump, three sources close to the talks told CNBC on Thursday. European equities had experienced a late bounce during Thursday's session after the president tweeted that a deal was close.while Hong Kong and mainland Chinese shares all posted strong gains.
in the country's general election, granting Johnson the power to drive through his Brexit deal and take the U.K. out of the EU before the January 31 deadline. An exit poll ahead of the results projected an 86 seat Conservative majority, far outstripping previous polling expectations and consigning the main opposition Labour Party to its worst electoral performance in modern history. Labour leader Jeremy Corbyn has said he will not lead the party in future elections.
was up 2.37% against the dollar early on Friday morning as markets reacted positively to the prospect of certainty around Brexit.
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