The ASX is poised to open lower, even as Wall Street rose after a US inflation update came in softer than expected; higher bond yields keep the welcome mat firmly rolled up.
US rate-rise odds have fallen below 40%, according to the market preview, but the same report says bond yields are pressing higher. For Australian shares, that cross-current leaves the global cue less clear-cut than the headline sounds.
Australia’s August inflation reached 4%, up from 3.5% in...
