ASX to rise as Trump raises hopes for US-China trade deal

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Australian shares are expected to rise modestly due to what investors perceived to be positive signals from high-level US-China trade talks.

AUD: 67.24 US cents, 55.06 British pence, 61.27 euro cents, 72.26 Japanese yen, $NZ1.07Europe: FTSE 100 +0.3pc at 7,186, DAX +0.6pc at 12,164, CAC +1.3pc at 5,569, Euro Stoxx 50 +1pc at 3,497

Commodities: Brent crude +1.9pc at $US59.43/barrel, spot gold -0.8pc at $US1,492.89/ounce, iron ore +2.8pc at $US96.30/tonneMeanwhile, the Australian dollar has risen to 67.6 US cents.This was after the leaders of Britain and Ireland, Boris Johnson and Leo Varadkar, issued a joint statement saying they now see a"pathway" to a possible deal" on Brexit.

 

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I think the operative word here is 'Hope'......

Will be a massive success for Trump if he can “improve protections of American intellectual property, end cyber theft and the forced transfer of technology to Chinese firms, curb industrial subsidies and increase US companies’ access to largely closed Chinese markets.”

And who’s shorting the market this time?

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