The local share market is on track to notch up a five-week high on the back of a quiet session in the U.S. as investors await the release of inflation data.
At noon AEST on Wednesday, the benchmark S&P/ASX200 index was up 42.5 points, or 0.6 percent, to 7,352.4. The broader All Ordinaries was up 41.4 points, or 0.6 percent, to 7,546.6.
The U.S. market had a mixed trading session overnight as investors mostly kept to the sidelines.
The S&P500 closed slightly higher while the tech-heavy Nasdaq lost steam, which analysts say could suggest inflation in the U.S. may not be as positive as projected….