Australia shares likely to inch higher; NZ dips

Australian shares are expected to edge
higher on Thursday as upbeat comments from U.S. Federal Reserve
Chair Jerome Powell on the U.S. economy is expected to ease
worries of a global slowdown, but fears concerning the Sino-U.S
trade deal may cap gains.
Powell emphasized that even after a year in which many
market analysts saw a rising risk of a U.S. recession, the Fed’s
outlook is for continued growth.
Meanwhile, Wall Street Journal reported on Wednesda