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Morning Report 25 July 24: ASX to open lower on the back of Wall Street stock smackdown
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street experienced what Tom describes as a ‘stock smackdown’ with the likes of the NASDAQ posting its worst session since 2022 after Tesla and Alphabet earnings disappoint. The Bank of Canada has cut interest rates for a second consecutive month, while Ford shares slumped on disappointing earnings. Elsewhere, the ASX is expected to open lower today amidst multi-month lows in copper and iron ore prices. Additionally, the Australian dollar continued its retreat on lower commodity prices.
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1. Morning Report 25 July 24: ASX to open lower on the back of Wall Street stock smackdown (00:00:00)
2. Marker 02 (00:03:08)
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