NEW YORK, July 16 — Wall Street stocks advanced Wednesday following another benign US inflation report as oil prices edged higher following the latest escalation of fighting...

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

Wall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyout offer, while BlackRock and Morgan…