European stocks were rising Friday, with investors hopeful that a looming trade summit between China and the U.S. can ease global trade tensions. The continent's flagship Stoxx 600 climbed 0.5% in morning trading.

Treasury Secretary Scott Bessent said Sunday that “substantial progress” had been made in trade talks between the United States and China after meeting for two days in Geneva, teasing

The lead U.S. negotiator in trade talks with China cheered “a great deal of productivity” in resolving differences between the world’s two leading economic powers, after officials wrapped two days of bargaining in Switzerland following President Donald Trump imposing steep tariffs and Beijing retaliating.