Australian shares are headed for a rebound, and all it took was US President Donald Trump saying trade talks with China are going very well.
Australian shares are headed for a sharp recovery, and all it took was US President Donald Trump saying that trade talks with China are going"very well".AUD: 68.5 US cents, 52.25 British pence, 61.84 euro cents, 74.56 Japanese yen, $NZ1.05Europe: FTSE 100 +0.4pc at 7,189, DAX +1.2pc at 13,141, CAC +1.2pc at 5,800, Euro Stoxx 50 +1.3pc at 3,659
It was somewhat at odds with his comments earlier this week, which raised the prospect of a long extension of the US-China trade war, causing global markets to plunge in the past two days.Stocks also rebounded overnight when Bloomberg, citing unnamed officials, reported that the two sides were closer to agreeing how many tariffs would be rolled back in a"phase one" trade deal.
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