Wall Street fell as a warning from JPMorgan over a proposed credit card rate cap weighed on financial stocks, while US bond yields moved lower after inflation data. Elsewhere, European shares slipped as investors digested a mixed bag of corporate updates. In commodities, oil jumped on the risk of Iranian supply disruptions, while gold hit a record high as softer inflation reinforced expectations of Federal Reserve rate cuts. Back home, Aussie shares are expected to open flat on Wednesday after the ASX 200 closed at two-month highs.

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