Europe open: Shares rally on Wall St, Asia rebound

(Sharecast News) - European shares opened higher on Friday on the back of a rebound on Wall Street and Asia overnight.

The benchmark Stoxx 600 index was up 0.84% at 0812 BST with all major bourses higher. US major indices closed higher on Thursday as traders digested a fresh wave of Big Tech earnings, while Amazon and Apple posted better-than-expected earnings.

In Asia, South Korea's Kospi surged by more than 15% and Japan's Nikkei 225 rose 3% reversing losses earlier this week driven by fears of overvaluations and borrowing in the tech sector. Shares in ASML, Infineon and STMicroelectronics both gained on the rally.

In other equity news Credit Agricole jumped after results. Puma fell after releasing earnings.

Reporting by Frank Prenesti for Sharecast.com