Wall Street broke two days of losses after US inflation came in as expected but the ASX is priced for a marginal loss. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Australian shares futures are down; Nasdaq paces gains as tech lifts as September rate hike prospects dim; ASX, IAG and Telstra results pending. Follow live.

Wall Street edged near its record after several AI stocks reported better growth than analysts expected, while a report showed inflation across the United States was slightly less…