Australian shares are expected to edge higher at Wednesday's open, following a mixed performance on Wall Street overnight as investors focus on incoming U.S. inflation data.
By 9:55 am AEDT (10:55 pm GMT) ASX futures were up by 6 points, or 0.1%.
On Wall Street, major indices also finished mixed as investors remained cautious ahead of the U.S. December consumer price index (CPI) report.
Markets anticipate a 0.3% month-over-month increase in headline CPI, which could shape expectations for the Federal Reserve’s next rate move.
U.S. producer price index (PPI) data released overnight showed a 0.2% rise in December, below consensus forecasts.
Among individual companies, Macquarie Asset Management has mobilised $US900 million (A$1.4 billion) to fund Applied Digital’s construction of a state-of-the-art artificial intelligence data centre in North Dakota.
On the bond markets, 10-year and 2-year yields were steady at 4.651% and 4.024%, respectively.