World shares are mixed after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity

Good news on the U.S. economy is back to being bad for Wall Street, and the stock market is sinking Tuesday toward its worst day in nearly three weeks following better-than-expected reports on the job market and business activity.

Equities wavered on Wednesday as sentiment was knocked by a sell-off on Wall Street sparked by data indicating the US economy and jobs market remained robust, further denting hopes for interest rate cuts.