January 9, 2019 / 9:32 PM / 6 months ago

Australian shares set to edge higher on Sino-U.S. trade deal hopes; NZ flat

    Jan 10 (Reuters) - Australian shares are likely to edge
higher on Thursday, as signs of progress in the U.S.-China trade
talks boosted hopes that the world's two biggest economies could
resolve a months-long damaging trade spat that has rattled
financial markets. 
    U.S. and Chinese officials ended talks on Wednesday that
lasted longer than expected, with negotiations focused on
Beijing's pledge to buy a "substantial amount" of U.S farm and
energy commodities as well as offer increased access to China's
markets.              
    Australian share price index futures          firmed 0.2
percent to 5,738, a 40.3-point discount to the underlying
S&P/ASX 200 index         close. The benchmark climbed about 1
percent on Wednesday.
    New Zealand's benchmark S&P/NZX 50 index         was little
changed in early trade at 8,949.31.

 (Reporting by Shriya Ramakrishnan in Bengaluru)
  
 
 
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