World shares are mostly lower after the Federal Reserve cut interest rates again to ease pressure on the U.S. economy.

Indian stocks are poised to open higher on Friday, following the U.S. Federal Reserve's widely anticipated decision to cut interest rates by 25 basis points.

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy

Shares in Nissan Motor slumped as much as 10% in Tokyo trading on Friday after the company said the previous day it will cut 9,000 jobs and 20% of its global manufacturing capacity as it faces struggling sales in China and the United States.

Japanese automaker Nissan is taking a big ax to its workforce. Reuters reports that the company plans to make some steep cuts to its operation, including 9,000 jobs and 20 percent of its global manufacturing capacity.

By Shashwat Chauhan (Reuters) -European shares jumped nearly 2% on Wednesday, tracking a rise in U.S. stock futures, as Donald Trump claimed victory in the presidential election and Republicans took control of at least one chamber of Congress.