October 27, 2019 / 8:51 PM / 16 days ago

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

    Oct 28 (Reuters) - 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          rose 24 points
or 0.4%, a 0.2-point discount to the underlying S&P/ASX 200
index         close. The benchmark tacked on 0.7% on Friday.
    Markets in New Zealand remained closed on account of Labour

 (Reporting by Rashmi Ashok in Bengaluru
Editing by Sonya Hepinstall)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below