Ferrari’s EV debut draws orders as Prysmian extends Milan gains - 28 May 2026

As of May 28, today’s news features developments in the automotive and energy sectors, particularly concerning Ferrari's electric vehicle launch and ongoing market fluctuations driven by geopolitical tensions in Iran and Taiwan. The Italian market showed resilience, with stocks like Leonardo and Prysmian gaining ground. Leonardo surged by 5.3%, attributed to positive market sentiment following its advancements in aerospace, while Prysmian rose by 2.6% amid favorable reports from analysts. In contrast, financial and insurance sectors faced pressure, particularly with Nexans, FinecoBank, and Unipol experiencing declines. In the spotlight, Ferrari's CEO Benedetto Vigna confirmed that the company's first electric model, the Luce, priced at 550,000 euros, is already receiving orders, despite mixed reviews regarding its design. Vigna emphasized that the Luce signifies innovation for Ferrari, distancing it from traditional electric vehicles. He admitted that heightened visibility prior to the launch may have led to misconceptions about Ferrari's shift to electric-only vehicles. Turning to market updates, the French utility EDF has delayed the sale of a stake in its Italian subsidiary Edison until 2027 due to ongoing disruptions from the Iran conflict affecting liquefied natural gas supplies. This postponement was confirmed by sources familiar with the situation, highlighting cash-raising efforts for EDF's nuclear investments. Meanwhile, Germany's Uniper is raising concerns about slow filling rates of gas storage facilities as winter approaches, warning of potential shortages if current rates persist. The CEO of Uniper called for regulatory incentives to expedite gas storage. In broader scenarios, six EU nations are resisting plans to reduce the number of free carbon permits amid rising energy prices due to the Iran war. Countries like Bulgaria and Poland have requested a freeze on permits to protect their industries, warning that high energy costs could threaten competitiveness and lead to relocation outside the EU. These discussions indicate ongoing tension within the EU regarding climate policies amid external crises. Finally, on the global stage, tensions continue over Taiwan, with a recent study indicating that conflict between the U.S. and China could escalate to nuclear confrontations, as regional powers expand their military capabilities. This highlights the persistent geopolitical instability impacting global markets and industries.