Morning Report 25 July 24: ASX to open lower on the back of Wall Street stock smackdown

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. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.