technology.
Vista Outdoors jumped more than 8% after MNC Capital Partners announced that it boosted its all-cash bid for the outdoor sports and recreation company to $39.50 per share, or over $3 billion. Its previous offer was $37.50 per share. The Fed keeps a close watch on the labor market and wages when it considers whether to cut, raise or leave its benchmark borrowing rate alone. The Fed meets next week and most analysts expect the U.S. central bank to leave rates alone for the seventh straight time.
Australia’s S&P/ASX 200 gained 0.7% to 7,821.80 after data from the Australian Bureau of Statistics showed the country’s trading surplus rebounded in April, with exports falling 2.5% and imports dropping 7.2%.
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