ASX to rise, Wall St rallies on trade hopes

News Snapshot:

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...