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The Aussie share market is set to open higher, with the futures suggesting the market will rise 0.1%.

All three US indices rose overnight, despite an inflationary reading that saw consumer prices rise more than expected.

What to watch today:

• Food and beverage companies will be in focus, as Victoria ended its lockdown overnight and hospitality ventures reopen. Watch Wesfarmers (ASX:WES) and Coles (ASX:COL).
• Australia and Singapore could start a travel bubble if more Australians are vaccinated and transmissions fall. Watch travel stocks including Flight Centre (ASX:FLT), Qantas (ASX:QAN), Webjet (ASX:WEB) and Adacel (ASX:ADA).
• Demand for iron ore is surging. The iron ore price could rise from its current level at US$214 to US$300. Keep an eye on iron ore stocks.

Trading Ideas:

• Citi has a Buy recommendation on Zip (ASX:Z1P) with a $10.90 price target.
• Adriatic Metals (ASX:ADT), Nitro Software (ASX:NTO) and Shopping Centres Australasia Property Group (ASX:SCP) are all giving off bullish charting signals according to Trading Central.