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ASX rises ahead of record deflation, Wall Street rally loses steam – ABC News

The Australian share market trades cautiously ahead of today’s inflation result, which is expected to be the lowest on record on the back of prices falling sharply in the June quarter.

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The local share market is trading cautiously, as global markets stalled ahead of some key economic events.
Market snapshot at 7:50am (AEDT):

  • ASX SPI futures -0.4pc at 5,960, ASX 200 (Tuesday’s close) -0.4pc at 6,021
  • AUD: 71.55 US cents, 55.31 British pence, 61.05 Euro cents, 75.19 Japanese yen, 5.009 Chinese yuan, $NZ1.075
  • US: Dow Jones -0.8pc at 26,379, S&P 500 -0.7pc at 3,218, Nasdaq Composite -1.3pc at 10,402
  • Europe: UK (FTSE): +0.4pc at 6,129, Germany (D…

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