{"id":54260,"date":"2025-10-09T04:38:34","date_gmt":"2025-10-09T08:38:34","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/"},"modified":"2025-10-09T04:38:34","modified_gmt":"2025-10-09T08:38:34","slug":"global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/","title":{"rendered":"Global Markets React to China&#8217;s Economic Slowdown, Ferrari&#8217;s EV Shift, and Geopolitical Tensions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/#Chinas_Economic_Growth_Faces_Headwinds\" >China&#39;s Economic Growth Faces Headwinds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/#Ferrari_Shifts_Gears_on_EV_Targets\" >Ferrari Shifts Gears on EV Targets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/#China_Adds_BAE_Systems_to_Unreliable_Entity_List\" >China Adds BAE Systems to Unreliable Entity List<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/#Essilor_Luxottica_CEO_Sees_Meta_Glasses_as_Phone_Replacement\" >Essilor Luxottica CEO Sees Meta Glasses as Phone Replacement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-chinas-economic-slowdown-ferraris-ev-shift-and-geopolitical-tensions\/54260\/#US_Envoys_Travel_to_Israel_Amid_Diplomatic_Efforts\" >US Envoys Travel to Israel Amid Diplomatic Efforts<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>China&#39;s Q3 GDP growth is projected to decelerate to 4.5%<\/strong>, a notable drop from the previous 5.2%, with BofA (<a href=\"\/stock\/BAC\">BAC<\/a>) attributing the slowdown to weak domestic demand and high base effects.<\/li>\n<li><strong>Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>) has significantly recalibrated its 2030 electric vehicle (EV) strategy<\/strong>, halving its fully electric car target to 20% of its product mix, and emphasizing a balanced portfolio of internal combustion engine (ICE) and hybrid models.<\/li>\n<li><strong>China has added BAE Systems (<a href=\"\/stock\/BAESY\">BAESY<\/a>) to its unreliable entity list<\/strong>, a move that could escalate trade tensions and impact the defense contractor&#39;s operations.<\/li>\n<li>The CEO of Essilor Luxottica (<a href=\"\/stock\/ESLOY\">ESLOY<\/a>) envisions <strong>Meta (<a href=\"\/stock\/META\">META<\/a>) smart glasses as a future replacement for smartphones<\/strong>, signaling a long-term shift in personal computing.<\/li>\n<li>U.S. envoys, including White House Advisor <strong>Jared Kushner and Steve Witkoff, are traveling to Israel<\/strong> to engage in ongoing diplomatic efforts.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Chinas_Economic_Growth_Faces_Headwinds\"><\/span>China&#39;s Economic Growth Faces Headwinds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>) forecasts a slowdown in <strong>China&#39;s Q3 GDP growth to 4.5%<\/strong> year-over-year, a decrease from the 5.2% recorded in the second quarter. This anticipated deceleration is primarily attributed to <em>weak domestic demand<\/em> and high year-ago base effects, despite stable exports. The bank also projects a moderation in industrial production growth to 5.0% in September from 5.2% in August, with fixed asset investment expected to remain negative, contracting by 3.5%. This outlook suggests persistent challenges for the world&#39;s second-largest economy as it navigates its post-pandemic recovery.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ferrari_Shifts_Gears_on_EV_Targets\"><\/span>Ferrari Shifts Gears on EV Targets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Luxury sports car manufacturer Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>) has announced a significant adjustment to its 2030 electrification strategy. The company now targets <strong>20% fully electric vehicles (EVs)<\/strong> in its product mix by 2030, a reduction from its previous goal of 40%. The revised plan for its 2030 lineup includes <strong>40% internal combustion engine (ICE) vehicles, 40% hybrids, and 20% EVs<\/strong>. Ferrari plans to launch an average of <strong>four new cars per year between 2026 and 2030<\/strong>, with the first fully electric model, &quot;Elettrica,&quot; slated for deliveries in late 2026. The company also aims for a substantial <strong>90% reduction in Scope 1 and 2 emissions by 2030<\/strong> compared to 2021, and a 25% cut in Scope 3 emissions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"China_Adds_BAE_Systems_to_Unreliable_Entity_List\"><\/span>China Adds BAE Systems to Unreliable Entity List<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a move that could heighten geopolitical and trade tensions, China has officially <strong>added BAE Systems (<a href=\"\/stock\/BAESY\">BAESY<\/a>) to its unreliable entity list<\/strong>. This designation typically prohibits entities from engaging in import and export activities with China, bans new investments in the country, and restricts the entry of senior management. China&#39;s Ministry of Commerce has previously used this list against foreign companies involved in arms sales to Taiwan, citing national sovereignty and security interests.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Essilor_Luxottica_CEO_Sees_Meta_Glasses_as_Phone_Replacement\"><\/span>Essilor Luxottica CEO Sees Meta Glasses as Phone Replacement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Francesco Milleri, CEO and Chairman of Essilor Luxottica (<a href=\"\/stock\/ESLOY\">ESLOY<\/a>), expressed a bold vision for the future of wearable technology, stating that <strong>Meta (<a href=\"\/stock\/META\">META<\/a>) glasses could eventually replace smartphones<\/strong>. This perspective aligns with Meta CEO Mark Zuckerberg&#39;s long-term belief that smart glasses will become the next major computing platform. Essilor Luxottica, a key partner in the development of Ray-Ban Meta smart glasses, aims to produce <strong>10 million units annually by the end of 2026<\/strong>. The ongoing collaboration focuses on balancing form and function to drive widespread adoption of smart eyewear.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"US_Envoys_Travel_to_Israel_Amid_Diplomatic_Efforts\"><\/span>US Envoys Travel to Israel Amid Diplomatic Efforts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. Envoy Steve Witkoff and White House Advisor Jared Kushner are scheduled to <strong>travel to Israel on Thursday night<\/strong>, according to Israeli media reports. Their visit comes amidst ongoing diplomatic efforts in the region, with previous reports indicating their involvement in indirect negotiations in Egypt concerning a Gaza ceasefire and hostage deal. These high-level discussions underscore continued international engagement in addressing the complex geopolitical landscape of the Middle East.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways China&#39;s Q3 GDP growth is projected to decelerate to 4.5%, a notable drop from the previous 5.2%, with 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