Australian shares seen higher on U.S.-China trade talk breakthrough; NZ slips

Australian shares are expected to rise on
Monday, buoyed by the agreement between U.S. and China to
restart trade talks, while investors gear up for a possible rate
cut announcement by the Aussie central bank.
A Reuters poll shows that the Reserve Bank of Australia is
widely expected to cut its benchmark cash rate two more times
this year in an effort to boost growth and inflation. Most of
the economists surveyed forecast a rate cut to a record low of
1.00% at its mon