The ASX 200 will likely open modestly higher following mostly positive leads from Friday night. Both Europe and Wall Street were higher, on the back of stronger than expected economic data and the view that a deal between China and the US on trade is near. Bond yields were lower while commodities were mixed. The Aussie dollar was lower against its US counterpart. On the domestic economic front, the job advertisements series will be released. In local company news, Brickworks and Milton Corporation trade ex-dividend. While our market is likely to get off to a positive start, we believe profit taking at current levels will see the ASX 200 close marginally lower.