27 Oct Australia shares set to gain on rising trade optimism; NZ gains
Australian shares are set to rise on
Tuesday, tracking robust gains on Wall Street fueled by rising
hopes the United States and China may strike a trade deal soon,
while expectations of a Federal Reserve rate cut later this week
also helped.
The S&P 500 hit a record high and the Nasdaq fell just short
of a lifetime high on Monday after U.S. President Donald Trump
said he expected to sign a significant part of a trade deal with
China ahead of schedule.
Tuesday, tracking robust gains on Wall Street fueled by rising
hopes the United States and China may strike a trade deal soon,
while expectations of a Federal Reserve rate cut later this week
also helped.
The S&P 500 hit a record high and the Nasdaq fell just short
of a lifetime high on Monday after U.S. President Donald Trump
said he expected to sign a significant part of a trade deal with
China ahead of schedule.
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