Eco-friendly vehicles provided the strongest lift to South Korea’s auto exports during the month. Their export value increased 25.5% from a year earlier to US$2.59 billion. Electric and hydrogen vehicle exports rose 31.9% to US$940 million. Hybrid exports advanced 22.2% to US$1.65 billion. By contrast, exports of internal combustion engine vehicles fell 3.1% to US$3.65 billion. Eco-friendly models accounted for about 41.5% of the country’s total automobile export value in July.

Diesel prices remained elevated on Wednesday as tighter refined-product supplies kept pressure on fuel markets in the United States and Europe. U.S. ultra-low sulfur diesel futures jumped 7.4% on Monday to settle at $4.19 a gallon. That marked the contract’s biggest daily gain since July 13. Early Wednesday trading put the contract near $4.28 a gallon, while European diesel refining margins remained at historically high levels after rising nearly 10% on Monday.

Europe’s extreme summer heat and drought could cut EU economic output by about 1% in 2026, according to new analysis from Triodos Bank. The estimated loss equals roughly €180 billion and is close to the European Commission’s current growth forecast for the bloc. In May, the Commission projected EU gross domestic product would rise 1.1% this year. The comparison shows the scale of the weather-related damage estimated in the bank’s analysis.

Denmark’s annual consumer price inflation eased to 1.7% in July from 1.9% in June, official data showed. Core inflation was 2.3%, unchanged from the previous month. Restaurants and hotels made the largest overall contribution to July inflation. Higher holiday home rental prices were the main driver inside that category. The split between goods and services remained wide in July. Goods prices were 0.7% lower than a year earlier, while services prices rose 3.8%. Denmark’s harmonized index of consumer prices rose 1.6% from a year earlier in July, down from 1.8% in June.

Gold advanced for a third consecutive session on Tuesday as bullion extended its rebound from last week. Spot gold gained 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5. U.S. gold futures climbed 1.7% to $4,492.60. The move pushed prices above the seven-week peak recorded last week and continued a recovery that accelerated after weaker U.S. employment data.

The Ministry of Agriculture, Food and Rural Affairs linked the increases to persistent high temperatures affecting heat-sensitive vegetables. Spinach, cucumbers and zucchini grow better in cooler conditions, while extreme heat can slow growth and reduce marketable output. South Korea has endured exceptional temperatures during the current heat wave. Yangsan, in the country’s southeast, reached 42.5 degrees Celsius on Aug. 2, the highest temperature recorded nationally since weather observations began in 1904.