Apple shares, oil price, and the euro get boost as US and China agree on trade ceasefire

Shares in Apple, the price of oil, and the euro rose in a global relief rally after US President Donald Trump and China President Xi Jinping declared a ceasefire in their $200bn (€175bn) trade war. However, analysts mulled how long the truce would last.

Apple shares, which have fallen sharply since reaching their record peak only two months ago, rose as much as 2% as investors breathed a sigh of relief that the company, which manufactures many of the parts of its iPhones in mainland China, may have escaped any escalation in the dispute.