European negotiators head for Washington after Trump agrees Japan deal

Mr Trump struck a trade deal with Japan in exchange for a $550bn package of US-bound investment and loans
European negotiators head for Washington after Trump agrees Japan deal

US president Donald Trump to Republican members of Congress at the White House. Mr Trump revived hopes for a trade deal with the European Union following an agreement with Japan. Picture: AP Photo/Julia Demaree Nikhinson

European shares climbed early on Wednesday, led by automobile stocks, after US president Donald Trump revived hopes for a trade deal with the European Union following an agreement with Japan.

European automobile stocks led a broad-based rally, rising 3.6%, tracking strength in Asian rivals. Carmakers such as Mercedes-Benz, Volkswagen, and Porsche gained between 7.4% and 5.1%.

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