ASX to rise, Wall St edges up on US-EU trade talk hopes

News Snapshot:

Australian shares are set to rally after President Donald Trump signalled he’s willing to negotiate on tariffs with the European Union, easing some of the concerns stoked by the issuing of tariff letters over the last week. All three US benchmarks reversed early losses to trade modestly higher. The Nasdaq Composite ended at a record high, its seventh such achievement since June 27. Bitcoin briefly slipped below the $US120,000 mark. While some strategists have increased their year-end targets for the S & P 500, Morgan Stanley’s wealth management investment committee, led by Lisa Shalett, is wary. “Investors have added a...