Sept 3 (Reuters) - Australian shares are poised to inch higher on Monday on the back of a recovery in iron ore prices, while investors may be cautious amid a potentially worsening trade war.
The local share price index futures YAPcm1 rose 0.4 percent, a 10.5-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark declined half a percent on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 inched 0.5 percent lower.