CNBC Daily Open: Key inflation data looms with rate cuts in focus

News Snapshot:

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . Nikkei rallies Japan's Nikkei briefly crossed the 38,000 level for the first time since 1990 on Tuesday, while the rest of the region also mostly advanced. The Nikkei 225 rallied about 3%, while the Topix also gained. Overnight in the U.S. the blue-chip Dow closed at a fresh record. But the S&P 500 closed down after the broad-market index just...