Europe Slightly Green: India–EU Deal On Track, Puma Booms
European stocks edged higher after India and the European Union finalized a free trade agreement that had been under negotiation for nearly two decades. This deal signals Europe is expanding trade routes amidst strained relations with Washington, and it boosted market sentiment this morning.
At the issuer level, the biggest highlight came from Puma, which surged around 20% after China's Anta Sports agreed to buy about 29% of Puma's shares for €1.5 billion—Anta will become the largest shareholder but stated it is not pursuing a full takeover. Meanwhile, Roche also rallied after an update on a weight-loss injection drug trial showed better results than a placebo, boosting investor optimism in the healthcare sector.
However, the market remains selective. Investors are eyeing the European corporate earnings season (fourth-quarter earnings expectations are likely moderate) and are holding their breath ahead of the Fed's decision. Therefore, today's European rally appears more like cautious risk-on, rather than full-blown euphoria. (az)
Source: Newsmaker.id
