Adidas has announced a relaunch of its classic 1991 version of the Adidas Gazelle. — AFP picBRUSSELS, March 10 — Europe’s main index hovered near pre-pandemic highs today, as a rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks outweighed losses in mining and travel sectors.
German sportswear maker Adidas AG jumped 3.4 per cent after it forecast a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America following fourth-quarter results. “For the time being, these big intraday and day-by-day moves are probably to be expected until we see what inflation does genuinely look like after the recovery takes hold,” said Edward Park, chief investment officer at Brooks Macdonald.
Wall Street futures held steady ahead of key US inflation data due at 1330 GMT and debt auctions that could help gauge the bond market’s trajectory.