News about World markets

At a meeting in Brussels, Spanish Finance Minister Carlos Cuervo promoted a plan for joint EU borrowing totaling 850 billion euros, believing that the timing was ideal for creating reliable assets.

Germany has faced an unexpected consequence of its decision to stop using Russian gas. The system of mandatory filling of underground gas storage facilities, established after the energy crisis to ensure the reliability of supplies, has now itself become a source of additional costs and debate about the future of the gas market.

The U.S. Department of Agriculture (USDA) has lowered its estimates for global grain production and ending stocks, but raised its forecast for grain exports in the 2026/27 marketing year.

Apple has filed a lawsuit against OpenAI, accusing the developer of ChatGPT of illegally accessing confidential information. The company claims that OpenAI may have used Apple’s proprietary data to develop its own hardware business.

Global wheat prices rose sharply following a series of Ukrainian strikes against Russian ships in the Sea of Azov. On Friday, wheat futures on the CBOT in Chicago rose 2.14% to $6.33 per bushel, the highest level since late May. The September contract on the Euronext exchange in Paris gained about 3%.

Subversive ETFs has filed an application to launch two exchange-traded funds that will track the Nasdaq 100 and S&P 500 indices, while excluding companies founded, controlled, or led by the world’s richest person, Elon Musk.

Gasoline production in Russia has fallen to about 65% of the average seasonal consumption level. The problem arose amid Ukrainian drone attacks on energy infrastructure and the shutdown of several major oil refineries.

German clothing manufacturer Hugo Boss has recommended that shareholders reject a mandatory tender offer made by the British company Frasers Group after the latter increased its stake in the company. The company stated that the proposed price does not reflect the fair value of the business or its long-term potential.

On October 1, Sotheby’s will hold its first-ever auction in Paris dedicated exclusively to wines from the French estate Château Haut-Brion.

In June 2026, official statistics showed a 0.1% monthly decline in average consumer prices, causing annual inflation to slow from 6.8% to 6.5%.

Eastern Europe turned out to be the region where the number of dollar millionaires grew the fastest in 2025. Lithuania took the lead, followed by Turkey, Latvia, Hungary, and Ireland. This is according to the annual Global Wealth Report 2025 by the Swiss bank UBS.

As part of its seventh syndicated transaction in 2026, the European Commission (EC) raised funds through the issuance of European Union (EU) bonds totaling 11 billion euros.

After a three-month hiatus, Russia reinstated the floating export duty on wheat effective July 8. The rate is 370.1 rubles per metric ton (about $4.9 per metric ton). The duty will remain in effect until at least July 15, after which it may be revised.

The Moldovan Parliament approved, in the first reading, by a vote of 63 in favor from members of the PAS, Democrația Acasă, and the Alternativa bloc, a bill to ratify the Convention Establishing the International Commission for the Examination of Claims by Ukraine, signed in The Hague on December 16, 2025

Levi Strauss & Co. raised its revenue forecast for fiscal year 2026, anticipating growth in demand for higher-priced jeans and an expansion of its presence in the premium segment of the mass-market apparel industry. However, the company’s positive outlook failed to fully convince investors: following the release of its earnings report, the manufacturer’s stock fell by about 5% in after-hours trading.

Qatar has temporarily suspended the development of new projects aimed at increasing liquefied natural gas (LNG) exports. This is a significant signal for the global gas market.

Global trade in dairy products has been growing steadily at a rate of approximately 2% annually. However, the structure of demand, key suppliers, and export flows have undergone significant changes over the past few years.

Bernstein has raised its gold price forecast for 2026, anticipating a new wave of demand from central banks.

The new version of the Grok 4.5 artificial intelligence system took first place in the independent Harvey Legal Agent Benchmark (LAB).

The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices, which will take effect tomorrow, July 10.