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Wall St dips on Powell’s remarks: ASX set to open higher

11 Jan 2019 – The ASX is set to open higher this morning as US stocks rose yesterday. They did dip slightly after Federal Reserve Chairman Jerome Powell’s remarks about shrinking the central bank’s balance sheet. And cooler weather means screening manufacturer GALE Pacific (ASX:GAP) anticipates a lower pre-tax profit this half.

Source: Finance News Network

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