Oct 14 (Reuters) - Australian shares were poised to climb on Monday as news of an interim trade deal between Washington and Beijing soothed investor concerns over further escalation of their tariff war.
U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike. counts China as a major trade partner and the local share price index futures YAPcm1 rose 0.5%, or 34 points, to 6615, an 8.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark advanced 0.9% on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was 0.7% higher, or 79.23 points, at 11,002.94 in early trade.