Global stocks rose sharply Friday on optimism about U.S.-Chinese talks on ending a tariff war, while oil prices gained as much as 2% after a rocket attack on an Iranian tanker.
Benchmarks in Frankfurt, Paris, London, Shanghai and Tokyo all advanced and Wall Street was set to open sharply higher.
Sentiment was buoyed by the start of trade talks Thursday and U.S. President Donald Trump’s plan to meet Beijing’s envoy Friday. Economists say a final settlement to the sprawling dispute is unlikely this year, but some traders are hoping for a cease-fire on further tariff hikes or other issues.
