The European Trade Commissioner said he had held a number of successful meetings with his US counterpart during the week.
On social media, Maroš Šefčovič said that he spares neither time nor effort – they are focused on reaching a favorable agreement.
Both sides are under pressure to reach an agreement before July 9, when new mutual tariffs are due to come into force.
It came as European shares rose on Friday after three days of losses as a slowdown in US involvement in the Middle East helped reassure investors.
Europe's broad STOXX 600 index rose 0.6% to 538.85, with the index expected to post a second straight weekly decline.
The air war between Israel and Iran continues into its second week, with European officials trying to bring Tehran back to talks.
The White House said President Donald Trump would decide within the next two weeks whether to join Israel in the conflict, helping to lift market sentiment, boosting interest in risk assets that had sold off earlier in the week amid uncertainty about the length of the conflict.
“Investors are becoming more risk-averse… perhaps because the US now has two weeks and perhaps some diplomatic room to resolve the situation in Iran,” said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.
Bank assets grew by 1.3%, making them the leaders of overall growth.
Travel and leisure shares on the SXTP exchange also rose 1.3%, led by a 4.8% rise in Europe's largest tour operator TUI after Barclays upgraded the stock to overweight from underperform.
Energy stocks SXEP, on the other hand, were at the bottom of the index, down 0.3%, but are seeking weekly gains.
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Investors also remain wary of the looming July 8 tariff deadline, with little progress in trade talks with Washington. European Commission President Ursula von der Leyen remains committed to reaching a deal by July 9.
“Geopolitical tensions are kind of overshadowing other concerns in the market related to the delay in trade talks with the US, which is busy resolving the Middle East issue,” Ozkardeskay commented.
Trump's tariffs have caused turmoil and instability over the past few months and have already begun to disrupt global supply chains, threatening economic growth.
Additional reporting from Reuters
Sourse: breakingnews.ie
