The Australian share market is poised to open lower after Wall Street declined sharply off the back of hotter-than-expected US inflation data.
- The ASX is tipped to open lower, building on its previous losses
- US consumer prices have soared to their highest levels since 2008
- Wall Street investors have been spooked by CPI data, triggering a widespread sell-off
ASX SPI futures were down to 7,023 by 7:15am AEST.
The Australian dollar had recovered slightly from earlier losses overnight and…