© Reuters
Investing.com – As Wall Street braces for the reveal of crucial U.S. inflation data, opened slightly higher on Tuesday.
The upcoming U.S. report is set to indicate a price hike in the previous month, largely due to escalating fuel costs. However, core inflation, which excludes unpredictable factors like food and energy, is predicted to maintain its deceleration, attributed to falling automobile prices and moderated rent hikes.
Tuesday will see shares of IGO Ltd (ASX:), Lifestyle Communities Ltd (ASX:), and News Corp (ASX:) trading ex-dividend.
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On the international front, Wall Street witnessed a minimal rise in the by 0.1%, while the S&P 500 and slightly receded by 0.1% and 0.4%, respectively. In the European markets, the experienced a 0.6% drop, while the recorded a marginal rise of 0.1%. Minor declines were noted in and 40.
Locally, the agenda for the day includes the release of Westpac-MI consumer confidence figures at 10.30am, followed by the NAB business survey for February at 11.30am.
On the global stage, the Eurozone’s final CPI data for February will be disclosed at 6pm, succeeded by the UK’s ILO unemployment rate for January at 6pm, and the US CPI data for February at 11pm.
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