European stocks jump to all-time highs as trade tensions ease

European stocks gained on Friday, jumping to all-time highs, and extending gains for the fourth straight session, thanks to strong sentiment as fears over global trade tensions eaed, especially after the signing of the phase-one trade deal between the US and China.

Stoxx Europe 600 rose 0.7% to its all-time high of 423.80 points as of 08:55 GMT, after it closed higher by 0.2% yesterday, to post its third straight daily gain.

The index opened today's session higher, extending gains for the fourth straight day and jumping to its all-time highs, as most of the major European exchanges and sectors rose today.

The mining sector saw the largest gains in Europe today, with a surge by more than 1.5%, on upbeat forecasts for Chinese demand on metals.

US President Donald Trump and Chinese Vice Premier Liu He signed the phase one of the trade deal on Wednesday at the White House, according to this initial trade deal, the US will cut some tariffs on Chinese imports and China pledged to increase its purchases of US foods.

EU Trade Commissioner, Phil Hogan, said he had a good exchange of views with US Trade Representative Robert Lighthizer in Washington, and added that Brussels desires to negotiate solutions to a number of trade disputes between the EU and the US.

S&P 500 futures gained 0.2% today, to reach the all-time high after closing high by 0.8% yesterday at Wall Street, at the record of 3,317.11 points.

Back to Europe, the Euro Stoxx 50 index gained 0.7%, France's CAC 40 rose by 0.8%, Germany's DAX added 0.6%, and In London, the FTSE 100 index rose by 0.4%.