Japan Meteorological Agency said a magnitude-4.7 earthquake struck offshore Amami Oshima, Kagoshima Prefecture, at about 18:22 local time on July 23.

Nestlé CFO said operations in Asia, Oceania and Africa have been most affected by the Middle East conflict.

HSBC strategist Dhiraj Narula says HSBC finds long-dated US TIPS attractive. TIPS real yields are at multi-decade highs after a sharp rise in recent weeks while inflation breakevens have plunged and remain low despite oil gains tied to renewed Middle East tensions. Narula attributes the divergence mainly to several Fed officials delivering firmer price-stability signals and reaffirming commitment to a 2% inflation target.