Japan Q2 GDP deflator final, annualized 2.6% — consensus 2.6%, prior 2.6%.

Spot gold traded above $4,430/oz, up 0.54% on the day.

ZDNet reports Samsung Display has set plans to sharply increase OLED supplies to Apple next year, prioritizing new OLED demand for foldable phones and iPad. Targeted supply: foldable-phone OLEDs rising from about 8 mln panels this year to 15 mln next year; iPad OLEDs from about 2 mln to 9 mln. Combined Apple supply would climb from roughly 10 mln panels this year to about 24 mln next year, more than doubling. Samsung Display’s targets remain subject to market conditions; the key risk cited is a surge in memory-chip prices that has prompted Apple to consider price increases and could change IT demand.