Chinese exports and imports jump more than expected in September

Stock markets in the UK and the rest of Europe have shrugged off the latest trade sabre-rattling from the US and China and opened modestly higher.

The UK’s FTSE 100 index rose by 15 points, or nearly 0.2%, to 9,442, while markets in France, Spain, Germany are all up by around 0.5%.

Mining shares are leading the gains in London, with Fresnillo up by 4.8%, Endeavour Mining 4% ahead, and Antofagasta 1.2% ahead.

Sterling, which tends to benefit from risk appetite, much like the Australian dollar, stocks or crypto currencies, was up 0.24% at $1.3365, making it one of the better performing major currencies against the US dollar.