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European stocks surge amid optimism over global trade relations

European stocks rose on Tuesday on clear signs of a de-escalation of tensions in trade relations between Washington and Beijing, while French supermarket Casino edged higher due to delivery cooperation with Amazon.

Photo: Reuters

The STOXX 600 index advanced 1.3 percent, on course for its best session in seven weeks, while Germany’s DAX climbed 1.6 percent.

The UK FTSE 100 index inched up 1.4% to 6,984.02.

France-based Casino Guichard-Perrachon jumped 7.6% on reports that items from Casino’s Monoprix stores will be sold via the Amazon Prime Now app in Paris.

Shares of Dutch Akzo Nobel NV soared 5.2% after the world's largest manufacturer of paints and coatings said it would sell chemicals unit to U.S. private equity firm Carlyle Group for 10.1 billion euros ($12.5 billion).

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