UBS cut Adidas target price to €173.00 from €219.00 and downgraded its Buy rating to MAINTAIN.

The Baltic Dry Index (BDI) rose 111 points, or 4.1%, to 2,843 — its highest since July 15 — as freight rates advanced across all vessel classes. The Capesize index (BCI) gained 268 points, or 6.2%, to 4,564; capesize daily earnings rose $2,435 to $37,892. The Panamax index (BPI) climbed 48 points, or 2.3%, to 2,135 — its highest since July 21 — with panamax daily earnings up $432 to $19,212. The Supramax index (BSI) ticked up 1 point to 1,610. The Handysize index (BHSI) fell 3 points to 884.

China's State Administration for Market Regulation (SAMR) convened a meeting to advance a special campaign to deepen implementation of the fair competition review system.