European shares climbed on Wednesday, buoyed by hopes of a trade agreement between the European Union and United States after Japan struck a deal that lowers tariffs on its autos, sending Japanese stocks to a one-year high.

Shares for European stocks jumped on prospects of a trade deal between the EU and US as Japan struck a deal to reduce tariffs on its autos.

Tokyo stocks soared more than 3 percent Wednesday morning after U.S. President Donald Trump said he had struck a