BUZZ-European autos rise after Trump's 'friendly' conversation with Xi

Shares in some big European carmakers rise after U.S. President Donald Trump said his recent conversation with Chinese counterpart Xi Jinping was "friendly", and that he could reach a trade deal with China

The STOXX 600 Automobiles & Parts index .SXAP was up 1.7% at 0932 GMT

Volvo Cars VOLCARb.ST rose 3.5%, BMW BMWG.DE and Mercedes Benz MBGn.DE were both up some 2.7%, Stellantis STLAM.MI and Renault RENA.PA moved higher between 2.2% and 2.4%

Parts makers Forvia FRVIA.PA and Valeo VLOF.PA were up 7% and 3.6%, respectively, what Midcap Partners analyst Thomas Julien attributes to Volkswagen's "constructive" commentary on its U.S. ambition and the impact of European CAFE regulation

Volkswagen, one of their largest customers, said on Thursday it aimed to "double" its market share in the U.S. by 2030