The ASX 200 will likely open modestly higher following mixed leads from overnight trading. Both Europe and Wall Street were lower on the back of growing trade tensions between China and the US. Bond yields and the Aussie dollar were lower, while most commodities were higher. On the domestic economic front, retail sales data and trade balance figures will be released. The Reserve Bank Board will also hand down its interest rate decision this afternoon. It is all quiet on the local company front. We believe the ASX 200 will close modestly higher, led higher by mining and energy stocks.