ASX to edge higher, European stocks rise

News Snapshot:

Australian shares are set for a modest opening advance after the EU and the US agreed to accelerate trade talks to avert a potential tariff war. The Stoxx Europe 600 Index closed up 1 per cent, paced by industrial goods and autos. The UK stock market was shut for a holiday as were US markets. European Commission President Ursula von der Leyen secured a one-month reprieve from US President Donald Trump who on Friday threatened the EU with a 50 per cent tariff hit to press for trade concessions. Market highlights ASX futures are pointing up 17 points or 0.2...