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Australian shares set to open higher; NZ down as a2 Milk weighs

Published 09/12/2019, 08:19 am
Updated 09/12/2019, 08:21 am
© Reuters.  Australian shares set to open higher; NZ down as a2 Milk weighs

Dec 9 (Reuters) - Australian shares are likely to rise on Monday after comments from a top White House official raised optimism over China-U.S. trade talks ahead of an upcoming tariff deadline. imports rose unexpectedly in November from a year earlier, indicating signs of recovering demand in the world's second-largest economy, even as exports fell for a fourth straight month. of higher demand for commodities from Australia's top trading partner will likely buoy domestic exporters.

The local share price index futures YAPcm1 rose 0.5%, a 31-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark was up 0.4% on Friday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 was down 0.4% by 2116 GMT. Dairy major a2 Milk Company ATM.NZ slumped about 7.4% after it said Chief Executive Jayne Hrdlicka had stepped down.

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