(ABC News) Australian shares are likely to open with modest gains despite reports that the US-China trade deal could be delayed until next month.
Analysts say the phase one deal will fail to adequately address these issues, focusing largely on Chinese purchases of US farm goods and intellectual property protection related to copyright and trademark issues.
Investors said lingering concerns about the US-China trade talks had stock markets consolidating gains made over the past three sessions.
“What you saw over the last two days is a bit of confusion on the China phase one deal … and that started affecting risk appetite,” said Juan Perez, a senior currency trader at Monex Inc.
