The ASX 200 will likely open modestly higher following mixed leads from overnight trading. Both Europe and Wall Street were mixed, as investors continued to weigh up the impact from potential US tariffs on Chinese goods. Bond yields and oil were higher, while most other commodities and the Aussie dollar were lower. It is all quiet on the domestic economic front. In local company news, Qantas Airways will release a quarterly trading update while GrainCorp will publish its first-half result. We believe the ASX 200 will close modestly higher with investors still happy to commit capital to those stocks meeting or beating expectations.