Thanks afternoon crew. No more ASX trade until Friday. Let's...

Thanks afternoon crew. No more ASX trade until Friday. Let's hope Wall Street plays nice in the meantime. See you then.

End-of-day summary:

Aussie shares narrowly missed a third day of gains after an uptick in inflation appeared to delay interest rate cuts until next year.

The ASX 200 ended the session half a point or 0.01% in the red after being up as much as 41 points before a mid-morning report suggested inflation may be turning higher. Both headline and underlying inflation measures came in significantly stronger than expected across the first three months of the year, dashing hopes that falling prices would give the central bank scope to lower rates.

The news pulled the rug from under a rally fuelled by a second night of gains in the US. The S&P 500 climbed 1.2% overnight, the index's strongest rise in two months.

A strong after-market trading update from Tesla helped lift S&P 500 futures 0.41% by the Australian market close.