ASX to rise, July US CPI report awaited

News Snapshot:

The yield on the US 10-year note slipped 1 basis point to 4.02 per cent at 2.34pm in New York. On Wall Street, the focus is on the pending inflation data and whether it confirms a continuing easing of price pressures. “US stocks pared losses after a strong auction signalled that Wall Street is very confident that inflation will continue to fall,” Oanda’s Edward Moya said in a note. The US Treasury sold $US38 billion on debt; the 10-year yield briefly traded below 4 per cent. European natural gas jumped above €40 ($67.27) a megawatt-hour for the first time since...