Wall Street gave up early gains as investors turned cautious ahead of key U.S. inflation data. Micron shares surged on a profit upgrade, while Hershey plunged as cocoa prices climbed. Nvidia shares were in focus after President Trump signaled he was open to the company selling scaled-back Blackwell chips to China. Trump also extended the China tariff truce for 90 days and urged them to quadruple their U.S. soybean purchases, sending soybean prices higher. Elsewhere, gold slipped after Trump said imports wouldn’t be tariffed. Back home, Aussie shares are expected to edge lower from record highs on Tuesday ahead of the RBA’s interest rate decision. Local earnings remain in focus with market favourite Life360 set to report.

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