Asian and European stocks climbed on Friday, buoyed by a rally on Wall Street, strong earnings from Google parent Alphabet, and hopes of diffusing tensions in US President Donald Trump's trade war.

US stocks rallied for a third straight session Thursday, shrugging off signs that US trade deals with China and the European Union aren't imminent despite promising signs elsewhere.

The dollar made solid gains versus main rivals Friday, while oil prices dropped nearly one percent.

"Stock markets are riding a wave of hope that US tariffs will be scaled back, and the White House will provide certainty around future economic policy," said Kathleen Brooks, research director at trading group XTB.

European and Asian markets had halted their rally the previous day after Beijing refuted claims of ongoing trade talks with Washington following Trump........

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