European shares fell on Tuesday to extend a recent losing streak,
tracking a drop in US stocks, with HSBC slightly lower after announcing a
drastic restructuring plan.
The pan-European FTSEurofirst 300
index was down 0.4% at 1 522.18 points by 09:06, tracking a fall on Wall
Street as investors speculated that the Federal Reserve may raise rates
as soon as September.
The FTSEurofirst 300 fell to a new 1-month low, dropping for the sixth straight session.
HSBC dipped 0.5% after it said it would cut almost 50 000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290bn in an effort to improve its sluggish performance.
The FTSEurofirst 300 fell to a new 1-month low, dropping for the sixth straight session.
HSBC dipped 0.5% after it said it would cut almost 50 000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290bn in an effort to improve its sluggish performance.
No comments:
Post a Comment