韦德布什：将英伟达(NVDA.O)目标价从330美元上调至345美元。

US 5-year Treasury auction on Aug. 26 — stop-out yield 4.393%, prior 4.41%.

China's auto industry: CPCA's Cui Dongshu reported July 2026 production of 2.53 mln vehicles, flat YoY; NEV output 1.55 mln (+30%), NEV penetration 61%; fuel-vehicle output 0.98 mln (-27%). July industry revenue was CNY 888.7 bln (+8.3% YoY), costs CNY 795.7 bln (+10%), profit CNY 20.9 bln (-28%); July margin 2.4%. Jan–Jul 2026 production totaled 17.61 mln vehicles (-3% YoY); NEVs 8.95 mln (+10%), penetration 51%; fuel vehicles 8.67 mln (-14%). Jan–Jul revenue CNY 6.078 tln (+2.7%), costs CNY 5.406 tln (+3.8%), profit CNY 216.2 bln (-20%); margin 3.6%, versus a 6.5% average margin for downstream industrial firms.