What does German stimulus and US-China tensions mean for Adidas?
Adidas seems to have got some tailwind lately with a VAT reduction in Germany starting in July and better Q2 sales in China compared to last year.
Market Quick Take - June 4, 2020
Stocks trade softer after the Nasdaq 100 briefly broke the February closing record while bank gains led the S&P 500 Index to a fresh three-month high yesterday. Bond yields and the dollar both rose after U.S. private payrolls showed fewer job losses than expected.
Market Quick Take - June 3, 2020
The global rally in stocks continues with the market increasingly pricing in a V-shaped recovery as policymakers unwavering support for asset markets and pledge to do more has succeeded in detaching markets from reality, for now. The dollar declined for a fifth day against its peers while the JPY dropped to the lowest since January against the euro.