LONDON — European markets closed higher on Thursday as investors assessed the implications of some big U.S. corporate results and the start of earnings season at home.
European markets
The pan-European Stoxx 600 closed 0.4% higher, with tech stocks ending the session 2.5% lower on the back of weak U.S. earnings while mining stocks added 1.5%.
The European blue chip index closed the previous session up 0.3%, with Britain's FTSE 100 jumping 1.8% as the British pound and U.K. bond yields fell sharply on the back of cooler-than-expected inflation data.
Markets in Asia-Pacific were mixed as investors digested a slew of economic data across the region. Japan's Nikkei 225 led losses after the country posted a surprise trade surplus of 43 billion yen ($308 million), its first surplus in 23 months.
Stateside, U.S. stocks were mixed on Thursday, with the Nasdaq 0.1% lower in morning trade following a disappointing set of tech earnings. Shares of Netflix sank Wednesday after the company missed second-quarter earnings expectations.
Tesla shares also retreated in extended trading after CEO Elon Musk and other executives told an earnings call to expect a slowdown in vehicle production in the third quarter.
Back in Europe, earnings before the bell came from Sweden's Volvo Car, Germany's SAP, France's Publicis, U.K. carrier EasyJet, Finland's Nokia and Switzerland's ABB and Givaudan.