European Markets Struggle as HSBC Profits Plummet 80%
TL;DR
European markets were mixed with the Stoxx 600 index down 0.1%, while HSBC shares sank 6.7% after reporting an 80% drop in pre-tax profits, and Glencore fell over 6% due to a steep drop in annual profits. Hong Kong stocks gained over 3% as wider Asia-Pacific markets traded mixed, U.S. stock futures ticked down, and CNBC Pro highlighted opportunities in real estate and dividend stocks.
- European markets mixed, struggle to find positive momentum; HSBC down 7.9% CNBC
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- HSBC profit misses estimates; bank announces $2 billion share buyback CNBC
- Stock Market Today: Dow, S&P Live Updates for February 21 Bloomberg
- HSBC profits plummet 80% after charge on Chinese bank stake Financial Times
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