** Shares in German sportswear makers Puma PUMG.DE and Adidas ADSGn.DE both rise around 3% pre-market after U.S. peer Nike's NKE.N Q1 revenue outlook exceeded market expectations
** Nike forecast revenue in the June-August quarter to fall in the mid-single-digits, slightly better than analysts' expectations of a 7.3% drop, according to data compiled by LSEG
** "(Nike's) solid results in the sports category is also a reassuring indicator of overall demand as attention focuses on consumer trends in the US market," J.P.Morgan says in a note
** Adidas and Puma are seen at the top of Germany's blue-chip .GDAXI and mid-cap .MDAXI indexes, respectively
(Reporting by Ozan Ergenay)
((ozan.ergenay@thomsonreuters.com))
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