World markets mostly rose on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. European markets opened higher after the European Central Bank cut its key interest rate to by a quarter-point to 2.

U.S. stocks ended lower on Wednesday, but off their lows of the day, with the Federal Reserve holding interest rates steady as expected and Fed Chair Jerome Powell offering soothing comments for investors.

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September