VIA ELECTION day, the U.K. stock market rose 1.2% after the U and the U-2 spy planes landed on the Utopian island of Jersey.
The FTSE 100, the world’s biggest benchmark, gained 1.4%.
The Dow Jones Industrial Average jumped more than 3%.
Trump defeated Hillary Clinton in the Nov. 8 election by a wide margin.
S.-U.K.-China trade deals have been in the news lately, with the U, Britain, China and Japan all agreeing to cut tariffs on some Chinese goods.
Unexpectedly, the European Union’s top court is expected to rule this week on a proposal by Britain to impose retaliatory tariffs on Chinese goods in response to the U’s decision to impose tariffs on British goods.
That will also be the first time a U.N. trade mission has visited China, though it has been criticized for a lack of progress in resolving the dispute.
The U.P.E. has been trying to reach an agreement with China on the trade dispute, which has led to the United States, the United Kingdom, Germany and France all imposing tariffs on the Chinese goods and imposing retaliatory duties on U.s. goods.
The European Commission, the EU’s executive arm, has said it would be willing to participate in talks if China agreed to the deal.
“The U. P.E., which is the largest single buyer of Chinese goods, is going to be a big player in these negotiations,” said Patrick O’Connell, head of European trade for Nomura Securities, which is a bank in London.
“If China does agree, that will be a very big deal.”
The FOMC was expected to issue its first rate hike Wednesday and will keep its benchmark interest rate at zero until it decides to hike more aggressively.
But the Fed will not start raising rates until the end of March, and there is a potential delay in the announcement because of the presidential election.
The Fed has said the Fed may decide to delay the rate hike until March or April to give investors more time to prepare.
The Dow closed up 0.5% and the S&P 500 gained 0.1%.