European stocks surged amid hopes of a Brexit trade deal

European stocks are set to open higher in a lighter trading session as traders grew optimistic that a Brexit trade deal would take place.

Britain’s FTSE 100 is up 38 points at 6,530 and France’s CAC is up 15 points at 5,552, according to the IG’s index. The German and Italian markets are closed on Christmas Eve.

Britain and the European Union are said to be preparing to torture the post-Brexit deal on Thursday. It comes months after political feuds over major sticking issues such as fisheries.

UK Prime Minister Boris Johnson is scheduled to speak to European Commission President Ursula von der Leyen at 7am London time. Johnson is expected to hold a news conference an hour later.

In Asia, stocks were mostly bullish as investors watched the latest Brexit growth. MSCI’s broad index of Asia-Pacific shares rose 0.5% outside of Japan.

On Wall Street, stock futures rose ahead of the final trading day of the holiday weekend.

President Donald Trump on Wednesday vetoed a clear defense bill, breaking the Republican-led Senate. The move comes after Congress rejected a લાંબા 900 billion coronavirus relief package after a long delay.