Asian stocks surged on Friday with Japan’s Nikkei leading regional gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates.

European markets have opened lower after Asian stocks surged, as a rally driven by the Federal Reserve’s big cut to interest rates fades. U.S. futures and oil prices declined. The

Wall Street is quieter, and U.S. stocks are edging back from the records they set the day before during a worldwide rally. The S&P 500 slipped 0.3% in Friday morning