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Australian shares looked set to rise on Friday, in line with Wall Street peers, as China's optimistic comments about trade negotiations with the United States buoyed risk sentiment.

US stocks jumped more than 1pc overnight after China's Commerce Ministry said Beijing and Washington were discussing the next round of face-to-face talks scheduled for September.

The local share price index futures added 0.7pc to 6,528.0, a 20.6-point premium to the underlying S&P/ASX 200 index close.

The benchmark inched up 0.1pc on Thursday.

New Zealand's benchmark S&P/NZX 50 index rose 0.6pc to 10,646.48 in early trade.

Copyright Reuters, 2019

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