focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 695.20
Bid: 695.10
Ask: 695.20
Change: -1.30 (-0.19%)
Spread: 0.10 (0.014%)
Open: 694.00
High: 703.20
Low: 688.40
Prev. Close: 696.50
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

European shares gain on healthcare boost; miners, energy lag

Mon, 14th Aug 2023 17:30

Miners, energy stocks top sectoral losers

*

Philips gains after Exor NV takes stake in co

*

Fresenius Medical Care drops on UBS rating downgrade

*

STOXX 600 up 0.2%

Aug 14 (Reuters) - European shares closed higher on Monday, rebounding from a near one-week low, as gains in retail and healthcare outpaced the fall in miners and energy, both bruised by concerns over China's embattled property sector.

The pan-European STOXX 600 closed the day 0.2% higher, bouncing back from a more than 1% decline on Friday.

The healthcare sector gained 0.3%, with Philips jumping 4.4% after Dutch investment firm Exor NV took a 15% stake in the company. Exor dipped 0.3%.

The retail sector index was the top gainer, up 0.8%, with B&M European Retail gaining 3% following a Deutsche Bank price target raise.

However, miners and energy stocks led losses tracking lower crude oil and base metal prices on deteriorating demand outlook in top consumer China, reinforced by debt problems in its property sector.

Reuters reported Country Garden is seeking to delay payment on a private onshore bond for the first time after suspending trading in 11 onshore bonds.

The European basic resources index ended 1.5% lower, touching an over 10-month low intraday, while the energy sector closed 0.8% down.

Other China-exposed sectors like luxury lost 0.1%, while lenders Prudential, HSBC Holdings and Standard Chartered shed between 0.5% and 0.7%.

"The China story's negative for European markets, especially for the more export-oriented ones such as Germany, as China is seen as the key export market," said Andrea Cicione, head of research at GlobalData.TSLombard.

"We might be nearing the point where the bad news stops having an effect and maybe the government provides the kind of response that the market feels comfortable with... However, we don't expect a large-scale stimulus."

The benchmark STOXX 600 has come off its over one-year highs hit last month as ballooning growth concerns in China and sharp movements in bond yields have pressured equities.

Commodity-heavy European bourses also lagged, with UK's FTSE 100 and Norway's Oslo SE All-Share Index falling 0.2% and 0.3%, respectively.

Geopolitical issues also dented investor sentiment after a Russian warship fired warning shots on a cargo ship in the Black Sea over the weekend, with Ukraine condemning the move and calling for decisive countermeasures by the international community.

Economic data due this week include a flash estimate of euro-zone second-quarter GDP, fresh euro-zone inflation and British consumer prices.

Among individual movers, German dialysis specialist Fresenius Medical Care (FMC) dropped 5.1% to the bottom of the STOXX 600 following a UBS downgrade to "sell" from "neutral". (Reporting by Shashwat Chauhan in Bengaluru; Editing by Janane Venkatraman, Saumyadeb Chakrabarty and Nick Macfie)

More News
21 Feb 2024 07:41

LONDON BRIEFING: Glencore profit plunges as energy market normalises

(Alliance News) - Stocks in the UK are called flat on Wednesday, with some large-cap UK company earnings for investors to digest, ahead of key catalysts to come from across the Atlantic.

Read more
21 Feb 2024 07:02

HSBC profits soar 78% but miss forecasts on China exposure

(Sharecast News) - Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.

Read more
21 Feb 2024 06:52

LONDON MARKET EARLY CALL: FTSE to open flat; HSBC posts record profit

(Alliance News) - Stocks in London are set to open flat on Wednesday, as investors look ahead to the Federal Reserve meeting minutes, and results from Nvidia.

Read more
21 Feb 2024 05:57

TOP NEWS: HSBC launches USD2 billion buyback on record annual profit

(Alliance News) - HSBC Holdings PLC on Wednesday announced further share buybacks as annual profit soared on the back of higher interest rates, though its fourth-quarter performance suffered due to an impairment.

Read more
20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

Read more
20 Feb 2024 12:29

Wednesday preview: Fed meeting minutes, HSBC in the spotlight

(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.

Read more
14 Feb 2024 14:15

UK earnings, trading statements calendar - next 7 days

Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
Wednesday 21 February 
BAE Systems PLCFull Year Results
Conduit Holdings LtdFull Year Results
Glencore PLCFull Year Results
HSBC Holdings PLCFull Year Results
Rio Tinto PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
Tate & Lyle PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

Read more
2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

Read more
30 Jan 2024 09:34

Bank of England fines HSBC for "serious" deposit protection failures

(Alliance News) - HSBC Holdings PLC has been fined GBP57.4 million by the Bank of England's Prudential Regulation Authority for "serious failings" over customer deposit protection – the second highest penalty ever imposed by the financial watchdog.

Read more
30 Jan 2024 07:27

HSBC slapped with £57.4m fine for deposit protection failures

(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.

Read more
29 Jan 2024 14:25

Safestay annual trading to meet expectations; refinances borrowings

(Alliance News) - Safestay PLC on Monday said its annual trading was "comfortably" in line with market expectations.

Read more
25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

Read more
25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.