ASX to rise, Wall St rallies on trade hopes

Australian shares are poised to rise, in line with gains in New York as investors bet a framework US-UK trade agreement marks the start of an easing of President Donald Trump's embrace of tariffs. Trump said there are "many other deals, which are in serious stages of negotiation". He also said he hoped that pending negotiations between top US and Chinese officials in Switzerland this weekend would prove "substantive". US markets rallied, with all three main Wall Street equity benchmarks closing up though off their session peaks. The yield on the US 10-year note rose 12 basis points. The US…