US 3-month Treasury auction to Aug. 3 — percent allocated at the stop-out rate 10.13%, prior 83.44%.

FT analysis: wildfires and heatwaves across France, Spain and other parts of Europe have caused losses exceeding €3.0bn this year. Nearly 500,000 hectares burned in the first two months of the fire season. The five worst-hit euro-area countries, including Portugal, Greece and Romania, account for €3.1bn of damage, well above the European Commission’s estimated EU average annual loss of €2.5bn.

A-share paper sector extended gains; Yibin Paper and Kaien Co. both hit the daily limit-up, while Wuzhou Special Paper, Qingshan Paper, Hengfeng Paper and Rongsheng Environmental Protection also advanced.