Morning Report 09 July 24: Wall Street hits new record highs as investors wait for Powell

Wall Street continues to grind out the new trading week with record highs but investors are pensive ahead of inflation figures and earning season. European markets consolidated after last week's gains with energy and miners underperforming, while insurance and travel stocks improved. Commodity prices ease from multi week highs. Locally, investors are looking forward to consumer and business sentiment surveys and the Aussie dollar has eased as the Greenback finds its footing pointing to future gains for local shares.

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