China bank index rises 0.8%; China Construction Bank hits record
The CSI Bank Index rose 0.8% in Tuesday morning trading, while China Construction Bank reached an intraday record high.
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The CSI Bank Index rose 0.8% in Tuesday morning trading, while China Construction Bank reached an intraday record high.
The CSI Bank Index rose 0.8% in Tuesday morning trading, while China Construction Bank reached an intraday record high.
Gold futures advanced more than 1% in early European trading as the dollar weakened and oil prices slipped. Market participants also were reassessing the inflation and interest-rate outlook.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
NIO said second-quarter revenue rose 69.1% year over year to 32.1 billion yuan, while deliveries increased 49.4% to 107,658 smart EVs. Gross margin was 18.4% and cash reserves reached 56.7 billion yuan.