P 500 industry groups advanced, as renewed hopes for a slower pace of US rate rises knocked bond yields lower, extending the volatility that has driven sentiment for months.Tesla +2.7% Apple +2% Amazon +2.9% Twitter -4.7%On bitstamp.net, bitcoin was up 0.7 per cent to $US19,126 near 5.35am AEDT.
Trieste, Italy-based Generali is completing due diligence and will decide whether to formalise a bid by the end of the year, said the people, asking not to be identified as the discussions are private. Adidas dropped 9.5 per cent as the German sporting goods maker cut its full-year outlook, citing weaker demand. Rival company Puma followed it down with a drop of 7.3 per cent.
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