Investors were buoyed by softer inflation numbers and record earnings from US banks; Oil hit a one-month high. Follow live updates.

US shares have retreated as Donald Trump announced he would try to charge fees on cargo ships in Hormuz; Oil jumped as traders priced in a 50-50 chance of a rate hike. Follow live…

Investors were buoyed by softer inflation numbers and record earnings from US banks; Oil hit a one-month high. Follow live updates.

The Australian sharemarket has opened stronger, shrugging off another rise in oil prices, after an unexpectedly sharp slowdown in US inflation fuelled gains on Wall Street.

Stocks held steady after a report showed US inflation was not as bad last month as economists expected.

The Australian share market is likely to rise in morning trade after some weaker-than-expected US inflation figures boosted Wall Street and reduced the likelihood of the Federal…