European stocks and US futures made gains on Friday amid mounting hopes of a much-needed bipartisan US stimulus deal.

The FTSE 100 reached its highest level in nine months, gaining 0.7% on the opening bell on a tide of optimism generated by the initial rollout of a COVID-19 vaccine planned to begin next week. France’s CAC 40 and the Europe-wide Stoxx 600 index each rose by 0.2%, though Germany’s DAX shed 0.1%.

US futures saw their own gains, with Dow Jones, S&P 500 and Nasdaq futures rising by 0.2%, 0.3% and 0.4% respectively.

Analysts at Deutsche Bank noted that market optimism had been spurred by speculation that a bipartisan stimulus deal proposed by Democratic Party leadership could be agreed upon.

House speaker Nancy Pelosi and Senate minority leader Chuck Schumer said on Thursday that they “could come to an agreement” with Republican legislators on a $908 billion plan drawn up by a bipartisan group of senators. Democrats had pushed for a $2.4 trillion plan prior to the Senate adjourning ahead of the presidential election.

The rise in Nasdaq futures is especially notable, as the index closed at a record high on Thursday. The tech-heavy index was propelled higher by a 5% increase in Tesla shares after Goldman Sachs upgraded the automotive company’s stock to “buy” ahead of its addition to the S&P 500. The Dow Jones also saw a surge after Ryanair’s order of 75 additional 737 Max jets caused shares In Boeing to jump by over 7%.

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Late trading on Thursday also saw the S&P 500 retreat slightly from its all-time highs seen earlier in the week as it was reported that Pfizer faced supply chain obstacles in shipping its COVID-19 vaccine, causing its stock to tumble 1.7%.