Top

ASX set for calm start after Trump's softer tone on trade, Fed sparks global rally

The Australian sharemarket is expected to open slightly higher following its jump on Wednesday after Trump said he has no intention to fire the Fed's chair and that his tariffs could come down on China imports. - www.theage.com.au

The Australian sharemarket is set to open slightly higher this morning after Wednesday's jump, even as a worldwide rally came back to boost Wall Street again overnight after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war. ASX futures were up 13 points, or 0.2 per cent, to 7946 as of 7.

59am AEST. The local market rose 1.3 per cent on Wednesday after Trump said he has no intention to fire the Fed's chair and that his.

.. Stan Choe.