News about World markets
Ferrari shares fell more than 6% after the unveiling of the Luce, the first all-electric car in the Italian brand’s history. The model premiered on Tuesday and deliveries are scheduled to start in the fourth quarter of 2026.
Steel remains one of the most important structural materials on the planet. It underpins construction, infrastructure, automotive and industrial production. Therefore, steel-rich nations continue to play a huge role in the global economy.
The Russian Volga brand, whose relaunch was announced a year ago, has revealed prices for new cars, saying sales will start in June.
The Russian railway authority is raising tariffs for freight transportation to and from the Baltic States and Finland to Russia. Among other things, from June 15, a coefficient of 1.359 will be applied to transit tariffs on the territory of Russian Railways through Russian-Latvian, Russian-Estonian, Russian-Finnish border railway crossings. This will affect exports of grain and oilseeds from Central Asia, particularly Kazakhstan, to these EU countries.
China is cutting the interest rate on consumer loans to a record low to stimulate the economy. The reduction in borrowing costs comes amid signs that the Chinese economy is slowing after a strong first quarter. Growth slowed across the board in April and the People’s Bank of China (MLF) went for a further cut in May. In May, some banks borrowed under the People’s Bank’s annual medium-term lending facility at a rate of just 1.45%, down 0.05 percentage points from April.
Public transport companies carried 82.8 million passengers in January-March 2026, 0.7% more than in the same period last year, the National Bureau of Statistics (NBS) said.
The dollar, considered a defensive asset, is gaining ground amid renewed investor concerns. Negotiations are progressing, but a deal is not expected anytime soon. The dollar stabilized on Tuesday amid expectations of the reopening of the Strait of Hormuz and an end to the conflict with Iran. However, new U.S. strikes on Iranian facilities and statements about a long negotiation process cooled market optimism.
Tehran has once again sharpened its oil rhetoric amid a new round of conflict with Washington. Ebrahim Zolfaghari, a spokesman for the Iranian military command, said that continued U.S. strikes in the Middle East could trigger a sharp jump in global oil prices.
The price of Ethereum continues to show weakness against the backdrop of project co-founder Vitalik Buterin’s statements about the change of strategy of Ethereum Foundation (EF). This was pointed out by analyst Ali Martinez.
Rising gold prices have forced the authorities in Ghana, the largest producer of this precious metal in Africa, to change the role of the state in the gold trade.
The case of importing Brazilian chicken to Israel has taken an unexpected turn. The country’s chicken meat market remains closed to foreign products, and Baladi’s attempt to obtain permission to import chicken meat from Brazil, from where Israel has been importing beef for many years, has met with stiff resistance from local producers.
Negotiations between American cosmetics giant Estée Lauder and Spanish group Puig, which could have led to the creation of a luxury beauty holding company worth about $40 billion, broke down at the very last moment – after several months of almost finalized work on the deal.
Europe is bracing for another wave of debilitating heatwaves this week. Stifling heat is expected in the south and southwest, including Portugal, Spain and France, with daytime highs of up to 38 °C; much of France has been placed on a moderate heat warning. In northern countries such as Germany and the UK, maximum values exceed 30 °C.
The company has unveiled its first all-electric car, the Ferrari Luce. The premiere of the model marks the brand’s entry into the electric car segment amid uncertainty in an industry where the traditional “engine sound” is no longer a must.
European sugar producers are facing deteriorating financial results and are forced to cut production and cooperation with farmers amid falling prices and market changes.
At the annual Google I/O 2026 conference, Google Corporation announced a large-scale integration of artificial intelligence into search, advertising and user services. The company actually confirmed the transition from classic Internet search to an AI-response model, which could radically change the media, SEO and digital advertising market.
The Russian Foreign Ministry has recommended foreign citizens to leave Kiev and residents of the Ukrainian capital to stay away from the military and administrative infrastructure of the city.
On the COMEX, a division of the New York Mercantile Exchange, gold futures for delivery in August are trading at $4,598.35 per troy ounce, up 0.92% at the time of this commentary.
Italian fashion holding Benetton continues to emerge from the protracted crisis, which has become one of the worst for the company in recent decades. At the end of 2025, the group managed to significantly reduce losses and come close to financial balance.
European businesses that have remained in Russia have cooled sharply in their assessments of the immediate future of the Russian economy. Whereas a year ago half of the companies believed in growth, now only 17% do. At the same time, the number of those who expect the situation to worsen has almost doubled.
