ASX futures turn negative on belated Wall St retreat

ASX futures turn negative on belated Wall St retreat

Australian shares are poised to start down as Wall Street’s rally ended up being cut brief by feedback 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 regional money traded 0.2percent reduced.

Fed policymakers early in the day instantly opted to help keep the main bank’s key price range unchanged, needlessly to say. It made a few technical modifications to other prices. The policymaker statement that is latest had small initial effect on areas.

“The two wording that is minor recognising the cooling in home investing and below-target inflation go the financial characterisation extremely somewhat when you look at the dovish way, but don’t tip the scales in a significant means, ” TD Securities senior economist James Marple. Read More