Brent crude up 1.00% intraday at $87.79/bbl.

CPCA: July retail penetration of new energy vehicles (NEVs) in China's passenger-car market was 65.1%, up 11.6ppt YoY and 2.1ppt MoM. NEV penetration by segment: independent domestic brands 83.8%, luxury brands 30.9%, mainstream joint ventures 13.7%. By domestic NEV retail share: independent domestic brands 64.6% (down 5.3ppt YoY), mainstream joint ventures 4.5% (up 0.9ppt YoY), new-energy entrants 26.8%; Leapmotor, NIO and other entrants lifted the entrants' share by 5.4ppt YoY.

Reserve Bank of Australia adjusted its inflation expectations and expects the unemployment rate to rise slightly.