FTSE 100 falls as HSBC slides after third-quarter profit misses forecasts
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- British stocks fell on Tuesday as HSBC slid over 6% after third-quarter profit narrowly missed forecasts, while caution before this week's UK Budget and Federal Reserve decision outweighed hopes that Middle East diplomacy could avert renewed U.S.-Iran conflict.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHSBC's drop weighs on the FTSE 100 ahead of the UK Budget and the Fed decision.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01HSBC slid over 6% after pretax profit narrowly missed consensus.
- 02Its CET1 capital ratio slipped to 13.9% from 14.1%.
- 03The FTSE 100 fell 1% while the DAX and CAC 40 lost less.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
HSBC Holdings plc91.17 USDMarket closedtoday +0.54%Negative STAN—n/aNegative BARC—n/aNegative NatWest Group plc17.09 USDMarket closedtoday +1.73%Neutral FTSE 10010,671.09-0.04%today -0.89%Negative DAX25,399.00+0.04%today +0.12%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets