European markets edge lower as investors take a breath; Puma shares jump 13%
European markets edged lower at the opening bell on Thursday as investors take stock of the regional and global economic outlook.
The pan-European Stoxx 600 declined 0.1% during early morning deals, with major bourses and sectors in the red.
The subdued open for regional markets on Thursday comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green.
Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next meets on Dec. 9-10.
Traders are pricing in a 84.9% chance of a quarter percentage point cut from the Fed in December, according to the CME FedWatch tool.
On individual names, potential buyers are swirling German athletic brand Puma, according to reports by Bloomberg. Chinese sport multinational Anta Sports is among those working on a bid, the outlet reported, citing unnamed sources. Puma declined to comment when asked by CNBC. Puma shares rose 13.6% on Thursday.
Source: CNBC.com
