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Australia shares set to fall amid mixed signals on trade deal, NZ slips

Published 01/11/2019, 08:07 am
Updated 01/11/2019, 08:14 am
© Reuters.  Australia shares set to fall amid mixed signals on trade deal, NZ slips
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Nov 1 (Reuters) - Australian shares are poised to open weaker on Friday, as conflicting signals surrounding the Sino-U.S. trade deal kept caution on the forefront.

Bloomberg on Thursday reported Chinese officials have doubts about whether it is possible to reach a comprehensive long-term trade deal with Washington and U.S. President Donald Trump. Trump later said the two countries would soon announce a new location where a "Phase One" trade deal will be signed. The mixed signals drove Wall Street lower on Thursday, despite strong earnings from Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB). local share price index futures YAPcm1 fell 22 points or 0.3%, a 46.4-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.4% on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.02% or 1.99 points to 10,785.83 by 2102 GMT.

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