US stocks are gaining ground following strong profit reports from BlackRock and other big companies and an update on the path of inflation.

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

Stocks are holding steadier after a report showed US inflation was not as bad last month as economists expected.

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

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.

US stocks are gaining ground following strong profit reports from BlackRock and other big companies and an update on the path of inflation.

US stocks are gaining ground following strong profit reports from BlackRock and other big companies and an update on the path of inflation.

“The market was comforted today by the market-friendly PPI report,” said analyst Patrick O’Hare.