Shares were broadly higher in Europe and Asia on Monday as investors focused on the latest flurry of corporate earnings.
The upbeat start to the week contrasted with the gloom on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. But U.S. futures were higher, with the contracts for the S&P 500 and Dow Jones Industrial Average both up 0.3%.
A slew of companies are due to release reports on their performance in the first quarter this week.
European shares opened mixed. Germany’s DAX added 0.2% to 17,780.33 and the FTSE 100 climbed 1% to 7,977.83. In Paris, the CAC 40 edged 0.1% lower to 8,015.27.
In Asian trading, Hong Kong’s Hang Seng led the region, gaining 1.8% to 16,511.69. But the Shanghai Composite index shed 0.7% to 3,051.76 after the People’s Bank of China kept its 1-year and 5-year loan prime rates …