CSI 300 index futures (IF) main contract rose to 4,900, up 0.78% intraday.

Bank of England Governor Bailey said firms report finding it difficult to raise prices.

Norway is pressing the European Union to rescind a proposed ban on new oil and gas drilling in the Arctic, saying the region holds nearly two‑thirds of its hydrocarbon resources. The EU plans to publish a new Arctic policy by end‑September; Norwegian politicians, civil servants and industry and environmental lobbyists are lobbying Brussels. Norway, not an EU member but Western Europe’s largest oil and gas exporter, says its continental shelf meets about 30% of EU and UK gas demand, and recent threats to supplies via the Strait of Hormuz have bolstered its case for keeping Arctic development options open. Critics say the Arctic is warming three to four times faster than the global average and is particularly vulnerable to exploration, and that expanding drilling would impede the energy transition; they argue short‑term supply pressures do not justify opening the Arctic.