London stocks and the British pound jumped Friday after an election triumph for Conservative Prime Minister Boris Johnson that analysts said will bring clarity to Brexit proceedings and unlock stronger economic growth. Other European stock markets -- although lagging buoyant London, which rose over two percent at one point -- also powered ahead, supported by confirmation of a partial trade deal between the United States and China. However, Wall Street's rally petered out, with American equities finishing little changed on the day both Beijing and Washington finally said they were on the same page. Stocks had rallied Thursday in anticipation of the trade deal with China, but then declined when the pact was announced. "You got a pretty good example of 'buy the rumors and sell the news,'" Art Hogan of National Holdings told AFP, referencing the saying indicating equities rise more in anticipation of an event than after the event itself. "But it's certainly great news on Brexit … [Read more...] about European stocks surge on Johnson election triumph, US trade deal
