LIVE MARKETS-DAX hits new record on tariff optimism

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DAX HITS NEW RECORD ON TARIFF OPTIMISM

Germany's DAX rose to a new record on Friday, eclipsing the previous high from March 18, as sentiment received a boost after the UK signed a U.S. trade deal.

Attention was now turning to Switzerland at the weekend, when U.S. and Chinese officials are set to meet to discuss trade for the first time since the tit-for-tat tariffs imposed on each other since April 2.

Germany's main index .GDAXI rose 0.6% on Friday, taking it to 23,527 points, its highest level on record.

The pan-European STOXX 600 .STOXX jumped 0.5%, moving into positive territory for the week.

Under the hood, 479 stocks in the index were rising, 110 declining and 11 unchanged.

Britain's FTSE .FTSE and France's CAC 40 .FCHI were up 0.5% and 0.6% respectively.

Energy stocks .SXEP led gainers as oil prices crept up, while BP BP.L shares jumped 2.5% after the FT reported that rivals including Shell SHEL.L, TotalEnergies TTEF.PA, Chevron CVX.N and Exxon XOM.N were running the numbers on a possible takeover.

Here's your opening snapshot:

(Samuel Indyk)

FRIDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: SENTIMENT HELPED BY US-UK TRADE DEAL CLICK HERE

US-CHINA TALKS STIR HOPE, AND SCEPTICISM CLICK HERE