Europe's main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks outweighed losses in mining and travel sectors, Reuters reports. The pan-European STOXX 600 index edged 0.2 percent higher after a rally in technology stocks on Tuesday pushed the benchmark to its highest level since February 2020. Miners, retailers, and travel and leisure companies led the declines in Europe, while telecoms jumped by 1 percent. German sportswear maker Adidas AG jumped by 3.4 percent after it forecast a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America following fourth-quarter results.

Source: The Standard March 10, 2021 09:40 UTC