Morning Report 30 July 24: US investors pensive ahead of a wall of company earnings

Wall Street consolidates ahead of key central bank decisions and a slew of company news. McDonald's same-store sales growth turns negative for the first time since the pandemic. Microsoft earnings will be in focus tonight and Tesla shares rise on analyst upgrades. UK interest rates are at their lowest levels since April, and commodity prices continue to slide, with oil down almost 2%. Locally, the Australian corporate reporting season has kicked off, and the Aussie dollar carries the weight of weak 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.