The Australian Securities Exchange (ASX) is forecast to open higher, defying a significant downturn in US technology stocks. Wall Street experienced substantial losses driven by a sell-off in tech, artificial intelligence, and semiconductor companies. Today’s trading will be heavily influenced by the release of Australian Bureau of Statistics (ABS) May inflation data. Analysts anticipate the figures will reflect decreases in petrol and diesel prices, potentially moderating overall inflation. Despite the negative performance of US markets, positive expectations surrounding the local inflation report are bolstering confidence in the ASX. Investors are closely watching the data for clues about future interest rate decisions by the Reserve Bank of Australia. The live updates will continue as the market reacts to the released figures.