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Powell speech boosts US markets: ASX poised to open lower

11 Feb 2021 – The ASX is set to open lower this morning despite US stocks edging higher. Fed Reserve Chairman Powell says rates will stay low in the US and is expecting second half growth. He said they still have a long way to go in terms of employment. Back home, a number of large companies are reporting today Telstra (ASX:TLS), AGL Energy (ASX:AGL) and Transurban (ASX:TCL). AMP (ASX:AMP) will not pay a final dividend after underlying profit fell during the 2020 financial year.

Source: Finance News Network

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