Europe tumbles off four-month highs

Economies.com
2019-02-19 11:35AM UTC

European stocks fell on Tuesday off four-month highs on profit-taking, while heading for the first loss in three, with HSBC leading banking lower with a 4% loss. 

 

Dow Jones Stoxx Europe 600 shed 0.2% after rising 0.2% yesterday, marking October highs. 

 

The banking sector led the decline in Europe with a 1.5% loss after HSBC announced disappointing results, marking a 4% daily loss. 

 

The bank warned from even more dire results in 2019 amid Chinese economic slowdown and Brexit uncertainty. 

 

Standard and Poor's 500 futures shed 0.2% today as the US market comes back from a holiday. 

 

Euro Stoxx 500 shed 0.25%, while France's CAC 40 dipped 0.3%, as Germany's DAX shed 0.1%. 

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