2218 GMT - Australia's S&P/ASX 200 looks set to retreat from its latest finish after enthusiasm for U.S. equities was dampened by data suggesting that tariffs could be stoking inflation. ASX futures are down by 0.8%, suggesting that the benchmark index will follow the DJIA and S&P 500 lower. On Tuesday, the ASX 200 recorded its best day in three weeks, rising 0.7% for a record close. Shares in Rio Tinto may also weigh on the local market. The iron-ore miner's U.S.-listed shares lost 2.3% after it said it would promote Simon Trott to be its new CEO. The DJIA lost 1.0% and the S&P 500 slipped 0.4%. The Nasdaq Composite edged 0.2% higher amid strength in Nvidia shares. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 15, 2025 18:18 ET (22:18 GMT)
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