S&P Dow Jones Indices announced the launch of its first-ever crypto-asset index on 2026-07-23. The index does not include bitcoin:native and is instead composed of 22 tokens, including Ethereum (ETH), BNB (BNB), Solana (SOL), TRX (TRX) and Hyperliquid. It is designed to provide institutional investors with an investable benchmark for the crypto market and may later underpin ETFs, ETNs and index-linked products. BingX has listed ETH, BNB, SOL and TRX trading pairs, and these tokens are core constituents of the index with a potential pathway for passive inflows.

A Goldman Sachs report says Turkey’s policy focus has shifted from “cutting rates” to “repairing external imbalances,” and that policymakers will tolerate faster lira depreciation to lift real rates while inflation takes a back seat. The approach implies the USD/TRY exchange rate could strengthen markedly in the near term. It also suggests the central bank may later move its policy-rate corridor sharply higher. The piece frames the shift as a change in policy narrative rather than routine fine-tuning.

Cocoa futures sank nearly 6%, sending both New York and London contracts to their lowest levels in two months. The selloff followed a 4.6% year-on-year drop in Europe’s Q2 cocoa grindings to a six-year low, alongside signs of ample near-term supply including a 21% jump in Ivory Coast port arrivals and ICE stocks at a two-year high. North American and Asian grindings rose more than expected, and longer-term risks tied to El Niño and early crop checks remain in view. Still, the latest demand and inventory data dominated market pricing, reinforcing a clear bearish catalyst.

AeroVironment (AVAV) said it has been awarded a $117.30 million contract from the U.S. Army to supply its P550 electric vertical takeoff and landing (eVTOL) unmanned aerial system for the Army’s Long Range Reconnaissance program. The company reported fiscal 2026 fourth-quarter revenue rose 133.3% year over year to $641.62 million and said funded backlog stood at $1.20 billion as of April 30. Wall Street analysts currently rate the stock “Strong Buy” with a consensus price target of $239.65, implying 53.1% upside from current levels.

Russia has temporarily barred vessels from entering or leaving the Black Sea port of Novorossiysk at night due to the threat of Ukrainian drone attacks. The port, which handles nearly one-third of Russia’s grain exports, is currently operating only during daytime hours and no formal notice has been issued. The move has raised concerns over a sudden supply-chain disruption that could affect global wheat export expectations. Euronext September wheat futures rose 4.5% after the news of the nighttime restriction.

Former US President Donald Trump has proposed a phased tariff plan on imported generic drugs, keeping duties at 0% for two years from August 2026 before lifting them to 100% for one year and then 200%. India, the largest supplier of generics to the US, including companies such as Dr Reddy’s, says it cannot shift manufacturing to the US in the near term. If implemented, the tariffs could either raise US selling prices or squeeze margins. The measure has not taken effect and there is no legislative or enforcement timetable, but it has heightened concerns over costs and pricing stability across the global generics supply chain.

Bimetal Bearings Limited declared a cash dividend of ₹13.50 per share at its 65th Annual General Meeting on July 20, 2026. Shareholders also approved material related-party transactions of up to ₹50 crore with BBL Daido (P) Ltd. For the year ended March 31, 2026, the company reported net profit up 9.9% to ₹114.22 crore and revenue from operations up 24.2% to ₹2,969.84 crore. Auditors issued an unmodified opinion on the standalone and consolidated financial statements.

Newmont (NEM.N) and Barrick (ABX.TO) are expected to deliver combined net profit of nearly $3.5 billion for the second quarter, up about 46% year on year, as gold prices rose 37% from a year earlier. Higher energy costs linked to the Iran war are expected to offset part of the earnings boost from stronger bullion. Analysts also expect the two miners to launch large-scale share buybacks.