Australian shares are poised to lift at the open, bolstered by hopes a trade truce between the US and China. ASX futures were up 18 points ahead of 5am AEST. The Australian dollar move towards US74.5¢.
Positive sentiment returned after Bloomberg reported US and Chinese officials were looking at ways to restart talks to resolve trade differences.
In addition, the tech sector once again proved its resilience.
Well, at least investors haven’t lost total faith in the FAANG group in particular.
Apple is poised to report results after the closing bell and that could help determine whether the sell-off initiated by Netflix and accelerated by Facebook will find new strength or whether the recent slide will prove to be yet another …
Read the full article at: https://www.afr.com/brand/before-the-bell/asx-poised-to-rise-us-techs-rebound-20180731-h13egw