Australia shares poised to open higher mirroring Wall Street; NZ edges higher

Nov 11 () – Australian shares are set to rise on
Monday, tracking robust gains on Wall Street, as investors
shrugged off worries about progress in Chinese-U.S. trade talks,
after U.S. President Donald Trump contradicted reports about a
rollback in tariffs sought by China.
Trump said on Saturday that trade talks with China were
moving along « very nicely » but the United States would only make
a deal with Beijing if it was the right one for the United
States.
The local share price index futures rose 0.4% to
6,726, a 1.9-point premium to the underlying S&P/ASX 200 index
close. The benchmark closed marginally lower on Friday.
New Zealand’s benchmark S&P/NZX 50 index rose
slightly by 3.88 points to 10,880.86 in early trade.

(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by
Peter Cooney)

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