Australian shares set to start week higher, NZ rises
Australian shares were poised to climb on
Monday as news of an interim trade deal between Washington and
Beijing soothed investor concerns over further escalation of
their tariff war.
U.S. President Donald Trump on Friday outlined the first
phase of a deal to end a trade war with China and suspended a
threatened tariff hike.
Australia counts China as a major trade partner and the
local share price index futures rose 0.5%, or 34
points, to 6615
Monday as news of an interim trade deal between Washington and
Beijing soothed investor concerns over further escalation of
their tariff war.
U.S. President Donald Trump on Friday outlined the first
phase of a deal to end a trade war with China and suspended a
threatened tariff hike.
Australia counts China as a major trade partner and the
local share price index futures rose 0.5%, or 34
points, to 6615
Posted by Reuters