Morning Report 04 July 24: Wall street hits record high on rate cut hopes

Wall Street hit new record highs overnight, with the S&P 500 and Nasdaq performing well although the Dow Jones finished slightly negative. European markets rise on lower US interest rates and political developments in France. The Aussie dollar surges on the back of US dollar weakness, gold prices at one month highs and oil hits its highest levels in two months. Weight loss drug makers lose ground, while Tesla continues its revival.

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