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ASX futures turn negative on belated Wall St retreat

Australian stocks are poised to start straight straight straight down as Wall Street’s rally had been cut brief by commentary from Federal Reserve president Jerome Powell.

ASX futures had been down 10 points or 0.1per cent to 6954 at about 8.30am AEDT. The neighborhood money traded 0.2percent reduced.

Fed policymakers early in the day instantly opted to help keep the main bank’s key rate range unchanged, not surprisingly. Continue reading