Global equities are on course for their longest winning streak this month, buoyed by mounting expectations that the Federal Reserve will begin cutting interest rates as inflation cools and economic momentum softens.
Puma surged as much as 20% after reports that China’s Anta Sports is exploring a potential takeover bid, igniting a rally across the European sportswear sector and marking one of the largest single-day moves in the company’s recent history.
Broader markets were muted, with both European bourses and US equity futures trading close to unchanged as investors awaited fresh catalysts.
Gold held steady at about $4,180 an ounce, consolidating near record levels after its sharp run-up earlier in the month.
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