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ASX Set to Open Lower Amid Oil-Driven Inflation Fears

Guavy AI Editorial Team
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Oil
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The Australian stock market is expected to open lower on Tuesday as concerns about oil-driven inflation weighed heavily on Wall Street.

Australian futures were pointing to a 36-point, or 0.4%, fall at the open.

This comes after Wall Street slipped further from record highs due to rising oil prices and fading hopes for a diplomatic breakthrough in the Iran conflict.

BHP Group Ltd, CSL Ltd, and Cochlear Ltd are among the companies reporting earnings today, which could impact market sentiment.

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