Global shares are mixed after earnings reports boost Wall Street

"European shares opened lower on Thursday after a broad advance in Asia spurred by a rebound on Wall Street.Upbeat economic updates and a steady flow of quarterly reports from U.S. companies have helped counter worries over surging share prices for Big Tech companies.But that optimism failed to carry over from Asia to Europe.Germany's DAX lost 0.2% to 24,003.24, while the CAC 40 in Paris declined 0.5% to 8,033.11. Britain's FTSE 100 slipped 0.2% to 9,761.18."

"In Asia, shares bounced back from a retreat the day before.Tokyo's Nikkei 225 jumped 1.3% to 50,883.68.Shares in Nissan Motor Co. fell 1.7% after the company said it was selling its headquarters building in Yokohama to raise cash.After trading closed, Nissan reported a 221.9 billion yen ($1.4 billion) loss for April-September and said its revenue dropped 7% from a year earlier.In South Korea, the Kospi advanced 0.6% to 4,026.45. Taiwan's Taiex was up 0.7%."

"Hong Kong's Hang Seng jumped 2.1% to 26,485.90, while the Shanghai Composite index climbed 0.1% to 4,007.76.However, shares in autonomous driving companies Pony.ai and WeRide fell in their debut on the Hong Kong stock exchange.Pony.ai lost 9.3%, while WeRide's shares fell 10%.Shares in Cathay Pacific Airways gained 4% after it announced that Qatar Airways was selling its 9.57% stake in the Hong Kong-based carrier in a buyback worth $896 million. The deal is subject to shareholder approval."

European shares opened lower despite a broad Asian advance driven by a rebound on Wall Street. Upbeat U.S. economic updates and a steady flow of quarterly reports helped offset concerns about soaring Big Tech valuations, but optimism did not translate to European markets. Germany's DAX fell 0.2% to 24,003.24, France's CAC 40 dropped 0.5% to 8,033.11 and Britain's FTSE 100 slipped 0.2% to 9,761.18. S&P futures were virtually unchanged while Dow futures lost 0.1%. In Asia, the Nikkei jumped 1.3%, the Kospi and Taiex rose, the Hang Seng climbed 2.1%, IPO debuts for Pony.ai and WeRide fell, and Nissan reported a large loss with revenue down.

Read at Fast Company