ASX to rise, Wall St higher, iron ore extends retreat

News Snapshot:

Next on deck is the release of December US consumer price data at 12.30am on Friday AEDT. Goldman Sachs’s expectations: “We expect a 0.27 per cent increase in December core CPI (v 0.3 per cent consensus), corresponding to a year-over-year rate of 3.87 per cent (v 3.8 per cent consensus).” The firm expects a 0.29 per cent increase in December headline CPI (v 0.2 per cent consensus), which corresponds to a year-over-year rate of 3.30 per cent (v 3.2 per cent consensus). Stocks in focus Grocers are in the spotlight. While Coles on Wednesday slashed prices on some products by...