Shares are poised to open modestly higher this week as investors brace for a pivotal Reserve Bank of Australia board meeting and await clarity on Donald Trump’s July 9 trade deal deadline.
The overarching focus will be on Washington on Wednesday when the 90-day pause on reciprocal tariffs announced by the US president in April is due to expire. S&P 500 futures fell 0.6 per cent on Friday, suggesting a cautious start to the world’s largest economy’s trading week.
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