European shares slipped today hurt by banking shares following a drop in shares of HSBC on a disappointing earnings report, while investors braced for the Federal Reserve’s last meeting minutes for any clues on the central bank’s rate outlook.
HSBC tumbled 8.4% to record its biggest one-day drop since April 2020, after a shock $3 billion charge on its stake in a Chinese bank, taking the shine off its record annual profit.
The CAC in Paris was up 16 points (0.22%) to 7,812, while the DAX in Frankfurt was up 49 points (0.29%) to 17,118 and London’s FTSE index was down 56 points (0.73%) to 7,662.
Dublin’s ISEQ index was up 76 points (0.81%) to 9,513. Shares in Greencoat Renewables were up 3.5% to 88 cents, while shares in AIB were up 1.88% to €4.23. Meanwhile, shares in Corre Energy were down 2.26% to €1.30, while shares in Malin Corporation were down 0.87% to €5.70.
The tech-heavy Nasdaq led declines on Wall Street today as investors braced for Nvidia’s high-stakes earnings report that could hinder this year’s AI euphoria if results are not stellar, and awaited minutes from the Federal Reserve’s latest policy meeting. By 6.15pm Irish time, the Nasdaq Composite was down 111 points (0.71%) to 15,519, while the Dow Jones was down 59 points (0.15%) to 38,504 and the S&P 500 was down 11 points (0.24%) to 4,963.