US stocks lifted, and the ASX 200 is set to follow despite fresh conflict in the Middle East. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Australian shares are set to rise 0.8pc; June and quarterly CPI data awaited; US equities rise as oil plunges, Apple reaches $5trn mark. Follow live.

The Australian sharemarket jumped at the open on Wednesday ahead of the nation’s latest inflation figures, following a strong session on Wall Street despite a new surge in oil…