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Markets jump on hopes of China-US trade deal

European and Asian stocks rose sharply on Friday on hopes of a trade deal between the United States and China. 
Hong Kong's Hang Seng jumped 4.2%, China's Shanghai Composite rose 2.7%, Japan's Nikkei gained 2.56% and South Korea's Kopsi rose 3.5%.
The FTSE 100 was up 0.78%, the CAC 40 in Paris rose 1.26% and the Dax in Frankfurt climbed 1.44%.Markets moved higher after Bloomberg reported US President Donald Trump wants to reach an agreement with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month.Mr Trump has asked key US officials to begin drafting potential terms, according to the report.On Thursday, Mr Trump spoke with his Chinese counterpart and raised the prospect of a deal to end a trade war."Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade," Mr Trump tweeted."Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!"
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