US headline PCE price index YoY 3.7% in July, unchanged from June; market had expected a slight decline to 3.6%.

Apple (AAPL.O) is due to launch its first foldable iPhone in September; despite a possible launch price near $2,500, IDC expects first-year shipments to exceed 10 mln and to re-accelerate the foldable-phone market. IDC projects global foldable-phone shipments up 12.6% this year and 18% next year, and estimates Apple will capture 40% of global foldable shipments by 2027. IDC also forecasts the overall global smartphone market will contract a record 16.7% this year due to rising component prices and supply constraints, saying the era of cheap smartphones is over.

農產品市場分析：普京重磅表態加碼衝突！黑海70艘運糧船被困，12月軟冬小麥封漲停，基金買盤與空頭回補的強烈共振，小麥、玉米與大豆期貨創下合約新高，地緣情緒主導的“暴漲盛宴”能否持續？