Sharemarket set to edge higher; Scott Bessent says US-China trade talks progressing

The Australian sharemarket is hanging in the balance as investors await further news of the US-China negotiations over tariffs. Futures are indicating the S & P/ASX 200 will rise 0.2 per cent, or 16 points, at the open, after the bourse last week notched its first weekly drop since early April. Investors will be watching the second day of trade negotiations on Monday (AEST) after senior US and Chinese representatives met in Switzerland. US officials have said they will provide an update on Monday. Trade representative Jamieson Greer on Sunday told journalists that the differences between the two nations "are…