European shares jump after Wall Street hits record highs

European shares rose strongly at the open on Friday, extending their gains from the previous session as a relief rally due to easing fears of a trade war helped Wall Street hit record highs.

At 0730 GMT, euro zone blue chips were up 0.7 per cent and heading into a 10th straight session of gains, a performance not seen since 1997.

Germany's DAX .GDAXI, home to some of the continent's mightiest exporters, was up 0.7 per cent while autos, miners and banks were the top gainers across European bourses, reports Reuters.

Within the pan-European STOXX 600 STOXX, shares in British industrial technology firm Smiths (SMIN.L) posted the worst performance, dropping 9.0 per cent after its full-year profit missed analysts’ estimates.

Just Eat lost 5.5 per cent after a report said Uber was in early talks to buy Deliveroo, potentially giving it a major rival in the food delivery business.