TCL Electronics (01070.HK) announced that global smart screen shipments in the first half of 2023 will increase by 12.9% year-on-year.

Johnson & Johnson ( JNJ.N ) extended gains to 5.4%, its biggest gain since February 2022.

According to the Baltic News Agency: Lithuania is investigating hacking activities related to NATO leaks.

Ukrainian Prime Minister: World Bank and IFC plan to raise more than $8 billion for new projects in Ukraine.

Canadian Minister of Transport: I hope that unions and employers can find a way to resolve the dispute once and for all.

Most U.S. airline stocks fell, American Airlines Group (AAL.O) fell nearly 5% at one point, JetBlue Airways (JBLU.O) fell more than 3%, Delta Air Lines (DAL.N), Southwest Airlines (LUV.N) fell About 1%.

East West Bank: It is expected that the Fed will raise interest rates by 25 basis points from October 2023 to the end of the year.

Ukrainian Prime Minister: Ukraine will receive a $1.5 billion loan from the World Bank.

South African Central Bank Governor Carnyago: Regarding the question of whether interest rates have peaked, the answer is firmly no.

[Manufacturing activity in the Philadelphia area of the United States contracted for the 11th consecutive month] Manufacturing activity in the Philadelphia area of the United States contracted for the 11th consecutive month in July, and it was more severe than expected. In July, the Philadelphia Fed Manufacturing Index recorded -13.5, lower than market expectations of -10, and manufacturing activity continued to shrink. More than 30 percent of manufacturers surveyed said business conditions had deteriorated in July, while 17 percent said business conditions had improved. The new orders index fell to -15.9, the 14th consecutive negative reading. The shipment index fell sharply to -12.5 from 9.9 in June. The employment index fell to -1 from -0.4, reflecting a broadly stable level of employment in July. The price-paying index slipped 1 point to 9.5, still below the long-term average.

U.S. and Bursa oil prices rose by $0.3 in the short term, and are now at $75.85/barrel and $79.87/barrel respectively.

Tip: South Africa’s July repo rate has not yet been announced.

U.S. Secretary of State Blinken will visit Tonga, New Zealand and Australia from July 24 to 29.

South African Central Bank: GDP growth is expected to be 0.4% in 2023 (previously 0.3%) and is expected to be 1.0% in 2024 (previously 1.0%). The CPI is expected to be 6.0% in 2023 (6.2% previously), and the CPI is expected to be 5.0% in 2024 (5.1% previously).

JPMorgan Chase: Gold and silver prices are expected to eventually rise above $2,200 an ounce and $28 an ounce after 2024.