Europe Stocks, Yuan, Aussie Dollar, US Futures Surge As Global Trade Relations Ease

Stocks in the European Union surged in early trade on Friday as the EU Trade Commissioner Phil Hogan gave positive reviews of his meetings with the United States counterpart Robert Ligthizer and Secretary of Commerce Wilbur Ross. "These meetings were in the main both positive and productive," Hogan said in his speech in Washington D.C. on Thursday, while calling for finding solutions to the trade tensions between the block and the U.S. through bilateral meetings. "We must call out the narrative that the US has a trade deficit or an unfair trading relationship with Europe," Hogan said.