Business live - Global stock markets rally as fears of trade war and recession ease

Global stock markets have begun to rally after more than two weeks of sustained falls. Stocks had been hammered by fears of a deepening trade war between the US and China but comments made by Donald Trump over the weekend delivered some reason for cautious optimism.

In London the FTSE 100 rose 0.9 per cent, while markets in Germany, France and China also rose.

Donald Trump said on Sunday that America is “doing very well with China, and talking!” and also claimed that the US was "poised for big growth" once trade disagreements are resolved.