Australian shares seesawed after investors bet the US Federal Reserve would keep interest rates on hold while uncertainty prevails over the impact on global growth from the trade war.
The S&P/ASX 200 lifted 0.1 per cent or by 6.2 points to 8164 in the first ten minutes of trade. The All Ordinaries edged up 0.1 per cent. Eight of 11 sectors were in the green with technology stocks leading gains.
On Wall Street, the S&P 500 snapped its longest winning streak in two decades after President Donald Trump told reporters that the US could strike some trade deals this week, although he had no intention to speak to Chinese President Xi Jinping.
Australian investors were digesting a slew of trading updates delivered at Macquarie’s annual investment conference.
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