The ASX 200 will likely open modestly lower following mixed leads from overnight trading. Both Europe and Wall Street were mixed, with investors weighing up the slowing global economy and reports that President Trump will meet with China's President Xi Jinping in the near future to discuss trade and other issues. Bond yields, commodities and the Australian dollar were lower. On the domestic economic front, the AiG Performance of Construction Index will be released. It is all quiet on the local company front. With the market near recent highs and a weekend looming,we believe traders will be happy to book profits with the ASX 200 to close moderately lower as a result.