And good news reported across the media on the protracted ‘trade war’ between China and the US. Around the world markets have rallied sharply as hopes of a peace deal in the US-China trade war rise. On 1 July, just in time for the holiday, shares on Wall Street hit highs after President Trump and the Chinese president, Xi Jinping, agreed to resume trade negotiations following a meeting at the G20 gathering of world leaders in Japan last weekend. As a result, the Dow Jones industrial average jumped almost 200 points in afternoon trading in New York, a record, before closing up 117 points at 26,717. The wider S&P 500 index of major American firms closed at a record high of 2964. On a day of gains around the world, the FTSE 100 closed 76 points higher at 7,502.