Australia shares set to open higher on China-U.S. trade progress hopes

Australian shares are set to open higher
on Monday in line with Wall Street which soared to a near record
high amid hopes that Washington and Beijing were moving towards
finalizing parts of a trade deal.
The U.S. Trade Representative’s office and China’s Commerce
Ministry said officials from both nations are “close to
finalizing” parts of a trade agreement after high-level
telephone discussions on Friday.
The local share price index futures ro