News about World markets
A proposal by Israeli Foreign Minister Gideon Saar to recognize the mass killing of Armenians in the Ottoman Empire during World War I as genocide received unanimous approval from the government.
President Donald Trump claims that the election of “socialist” Democrats will set the U.S. on a path toward becoming like Venezuela or Cuba. But Trump’s own actions—as is often the case with him—completely contradict his statements and everything his Republican Party supposedly stands for.
The extreme heat could leave Spain without olives and the French without vineyards.
Elon Musk, the world’s first trillionaire, celebrates his birthday on June 28. In 2026, he will turn 55. Born in Pretoria, South Africa, he has been interested in computers and entrepreneurship since childhood: at age 12, he created a video game and sold it to a computer magazine. Musk later moved from South Africa, became a Canadian citizen, and went on to build a career in the United States. On June 12, Forbes declared him a trillionaire with a previously unimaginable fortune of $1 trillion.
“Tit-for-tat” economic wars threaten global growth. The Financial Times reports on the views of outgoing IMF Chief Economist Pierre-Olivier Gourinchi regarding geopolitical fragmentation and the future of the global economy.
The International Grains Council (IGC) has raised its forecast for global corn production in the 2026/27 marketing year to 1.31 billion metric tons. This is 10 million metric tons higher than the organization’s May estimate. However, the current forecast for the global corn harvest in the upcoming season is still lower than last year’s harvest of this crop (1.339 billion metric tons).
The conflict between the U.S. and Iran is escalating. The U.S. military has launched new strikes against Iran’s military infrastructure following an attack on an oil tanker in the Strait of Hormuz. In response, Tehran announced strikes against U.S. targets in Kuwait and Bahrain.
The Russian-appointed authorities in Crimea and Sevastopol have declared a state of emergency. The decision was made amid a worsening situation with fuel, electricity, and food supplies following a series of Ukrainian strikes on logistics and energy infrastructure.
Elon Musk’s SpaceX will be added to the Nasdaq-100 index on July 7, which will automatically generate additional demand for its shares from large index funds and ETFs.
PHILADELPHIA—We at Vanguard expect U.S. GDP to grow by 3% in 2027. This estimate is significantly higher than other professional forecasts and assumes that demand for risky assets will remain strong.
U.S. Senator Jeanne Shaheen has demanded that the Donald Trump administration provide Congress with detailed information on the costs of winding down approximately 5,600 programs and contracts of the U.S. Agency for International Development (USAID). She estimates that closing these projects could require up to $19 billion in previously approved budget funds.
U.S. President Donald Trump has threatened to impose 100 percent tariffs if any European country decides to impose a digital services tax on American companies.
Stocks of companies involved in artificial intelligence infrastructure led global markets in the first half of 2026. Meanwhile, gold and Bitcoin posted significant declines, according to a report by the British investment firm AJ Bell.
The state budget deficit at the end of May stood at approximately 7.7 billion lei. This represents an increase of 777.1 million lei (or 11.4%) compared to the same period last year. The Ministry of Finance reported this while summarizing the results for the first five months.
Finnish President Alexander Stubb has approved amendments to the Atomic Energy Act that lift the previous ban on the import, production, storage, and use of nuclear weapons within the country. The document has been published on the Finnish Parliament’s website, and the changes will take effect on July 1.
After Apple raised prices on Macs, iPads, and a number of accessories by 15–25%, analysts at Morgan Stanley said the company took this step to maintain its profitability, rather than simply to offset rising costs.
Portugal’s capital has been ranked among the least affordable housing markets in Europe: property prices there are nearly 19 times higher than the average annual household income. By this measure, Lisbon has surpassed Paris and London, trailing only Split, Croatia.
In 2026–2027, the price of oil will fluctuate between $70 and $80 per barrel.
Swedish retailer H&M ended the second quarter of fiscal year 2026 with earnings below analysts’ forecasts. Weak sales and supply chain disruptions prevented the company from meeting expectations, despite improved profitability.
Wimbledon, one of the world’s most famous sporting tournaments, kicks off in London on June 29.
