ASX 200 Slips 0.2% in Cautious Trade as Investors Await Federal Budget and Weigh Global Risks

Energy spike from Middle East turmoil adds pressure to Trump-Xi trade agenda

Wall Street’s benchmark index is higher despite more worrying inflation numbers.

Wall Street was mixed in premarket trading Wednesday as oil prices steadied and the technology sector appeared ready to bounce back from widespread losses to start the week.

President Donald Trump and a cavalcade of American business leaders landed in Beijing Wednesday for talks with Chinese leader Xi Jinping, and market bulls are following.