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Global Stock Indices Move Further into Red; Adidas Falls on Reports of Costly Kit Deal

Global stock indices extend Tuesday’s steep losses on Wednesday, with investors hoping that minutes of the last Federal Reserve rate-setting meeting, due out at 2 p.m. in Washington, will ease recent nervousness. In Frankfurt Adidas shares slide amid reports it is poised to sign a record sponsorship deal with Premiership soccer club Manchester United after rival Nike decided not to just do it. But has the German sporting goods maker scored an own goal? And in Paris catering company Sodexo serves up disappointing news about full-year revenue growth.