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Stock market today: World shares trading mostly lower

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Shares were mostly lower in Europe and Asia on Thursday after they barely budged on Wall Street following a mixed batch of earnings reports from big U.S. companies.

Germany's DAX slipped 0.9% to 15,761.62 and the CAC 40 in Paris gave up 0.4% to 7,520.78. Britain's FTSE 100 shed 0.3% to 7,877.39.

Tokyo's Nikkei 225 added 0.2% to 28,657.57 and Australia's S&P/ASX 200 was virtually unchanged at 7,362.20. Tesla weighed heavily on the market after the electric-vehicle company cut prices for its two top-selling models, its fourth price cut in the U.S. this year. That could signal that Tesla is trying to spur sales amid shifting U.S. tax credits for electric vehicles. Tesla fell 2% before releasing its latest earnings report after trading closed.

The industry's giants have largely reported better results than expected, with several saying they benefited from the industry's turmoil as customers moved deposits to them and away from smaller banks that seemed at greater risk.

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Stock market today: Asian trading mixed ahead of earningsAsian shares were mixed Wednesday, as investors took a wait-and-see stance ahead of earnings reports and possible moves by central banks.
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