US forces continued strikes on Iran even as President Trump touted progress in negotiations, underscoring a fragile diplomatic backdrop that keeps risk markets on edge.
Ferrari shares plunged about 7% after the luxury automaker unveiled its first electric vehicle, a move investors signaled may pressure margins and the brand’s premium positioning.
Beijing moved to curb international travel by top AI talent at private firms, including Alibaba and DeepSeek, tightening controls as China races to safeguard advanced capabilities. The measures added fuel to an already red‑hot Hong Kong tech tape after Huawei’s recent claim of a chip‑design breakthrough, which has propelled Chinese semiconductor stocks higher.
In external‑balance shifts, Japan has slipped behind China to become the world’s third‑largest creditor nation; Germany remains the largest, with net foreign assets of roughly JPY 675 trillion.
Policy makers are reacting to persistent price pressures. ECB chief economist Philip Lane said the bank will lift its inflation outlook in June, reinforcing expectations for a still‑resilient global rate environment.
Markets were mixed: European equities lost about 0.5% on average, Asian shares traded broadly flat as investors monitored Middle East developments, and US futures pointed to modest gains. Oil rose roughly 2%, with Brent near $98 a barrel.
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