Australian shares dipped 45 points or 0.5% to 8,647 on Tuesday morning trade, ending gains in the prior three sessions and pulling back from a two-week high. Traders booked profits amid caution ahead of domestic CPI data later this week. Inflationary pressures, coming back since mid-last year, have already prompted three rate hikes so far this year. In March, figures hit their highest since September 2023, driven in part by surging fuel costs. Still, a rally in U.S. stock futures capped losses, reflecting hopes for a breakthrough in the U.S.-Iran peace talks. Financials, consumer non-durables, and process industries dragged the ASX 200 lower, amid notable declines in Goodman Group (-3.6%), Genesis Minerals (-1.7%), and Ampol Ltd. (-1.2%). ASX Ltd. tumbled 9.1% after reporting that it expects total expenses to rise between 18% and 21% in FY 2027, driven by higher technology spending, regulatory remediation, and growth investments. The four major banks fell between 0.8% to 1.8%.