Ferrari Drops as New €550K EV Design Disappoints | The Opening Trade 5/26/2026

AI Summary

Shares of Ferrari declined nearly 8% in Milan following disappointing reception of the Luce, its first fully electric vehicle. Meanwhile, US equity futures rose and Treasury bonds rallied amid hopes for a Middle East conflict resolution, although US strikes on Iran caused oil prices to rise.

Ferrari NV shares fell almost 8% in Milan after the Italian super-car maker unveiled the Luce, its first fully electric vehicle, marking a sharp setback for one of the industry’s most closely watched EV debuts. US equity futures extended gains and Treasuries rallied as investors remained hopeful of an imminent deal to end the Middle East conflict, despite US strikes on Iran that sent oil prices higher. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Joumanna Bercetche and Tom Mackenzie. (Source: Bloomberg)