Australian shares are likely to start the day with little momentum, following a volatile week due to conflicting signals from Donald Trump about how the US-China trade dispute was progressing.
Meanwhile, the Australian dollar had slipped to 68.3 US cents.Traders are betting that Boris Johnson and his Conservative Party will a majority in next week's UK election and end three and a half years of Brexit-related uncertainty by taking Britain out of the European Union.
The Australian dollar is buying 51.9 British pence, after Britain's currency lifted by a solid 0.7 per cent.Wall Street traders were cautious overnight, waiting to see whether Washington and Beijing will actually sign their so-called"phase one" trade deal by the end of next week December 15 — when the US is scheduled to impose its next round of tariffs on Chinese goods.
Predicting what happens next in impeachment is almost impossible. But when it ends, it'll be in one of these five ways."If the [China] tariffs go into effect, and if we start new trade wars with Europe, most investors will be looking to reduce their stock exposure," said Rick Meckler, a partner at Cherry Lane Investments in New Jersey.The Dow Jones index closed 0.1 per cent higher at 27,678 points.
"At the end of the day, whether there's an impeachment or not isn't going to stop a money manager from deciding whether or not he'll buy Intel."Spot gold was steady at $US1,475.64 an ounce.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian shares to rebound on hopes of US-China trade war cessationAustralian shares are headed for a rebound, and all it took was US President Donald Trump saying trade talks with China are going very well.
Read more »
A new store every 15 minutes: Starbucks 'cannibalising' itself in ChinaWhen Starbucks took its American playbook to China two decades ago, that included a controversial chapter: grow extra fast and cannibalise sales of your own stores.
Read more »
The Morrisons on leadership, China and swimming with Boris | Sky News AustraliaScott Morrison says Australians don’t need to worry about the rise of China, despite conceding its “game changing” position will “reset the world order”.\n\nThe prime minister told Sky News China’s increased influence needs to be understood in its context.\n\n“China in our lifetime has gone from a developing country, one of not great economic size or scale and not a large military, to the second biggest economy in the world with one of the largest militaries,” he said.\n\n“That just something the system has to absorb and adapt to.”\n\nIn a wide-ranging interview with Sky News host Graham Richardson, Mr Morrison was joined by wife Jenny at Kirribilli House and discussed everything from international relationships to how their family dynamic has shifted since becoming the nation’s first family.\n\nThe couple revealed Ms Morrison gets along well with the partners of other world leaders, and outlined a chance ocean encounter with British Prime Minister Boris Johnson.\n
Read more »
US House Speaker Nancy Pelosi announces drafting of impeachment articles against Donald TrumpUnited States House Speaker Nancy Pelosi has told congressional leaders to draft articles of impeachment against Donald Trump, saying his actions mean it 'leaves us no choice but to act.'
Read more »
US passes bill demanding sanctions over China’s treatment of UighursThe United States House of Representatives has backed a bill that seeks to take China to task over its treatment of Muslim minorities.
Read more »
Shorten reportedly offered Keneally US ambassadorship | Sky News AustraliaShadow Home Affairs Minister Kristina Keneally was reportedly going to be dispatched to Washington as Australia's ambassador to the US if Labor won the federal election.\n\nFormer Labor leader Bill Shorten reportedly offered Ms Keneally the role as a reward for contesting the Bennelong byelection in 2017. \n\nShe lost her bid for the seat despite a five per cent swing in her favour. \n\nSenator Keneally refused to confirm the deal but claimed she was offered the ambassadorship to the Vatican under Malcolm Turnbull.\n\nImage: News Corp Australia
Read more »