European shares fall as HSBC weighs but Engie limits losses

Published by
Reuters UK

By Shreyashi Sanyal (Reuters) -European shares fell on Tuesday as cautious forecast from HSBC weighed down the benchmark STOXX 600 index, while an upbeat performance in Engie helped assuage some losses after the French energy company posted a higher annual profit. The continent-wide STOXX 600 index dipped 0.2% in the first hour of trading. HSBC Holding Plc, Europe’s biggest bank, fell 1% as its cautious outlook left investors pondering whether a boost from higher interest rates may have already peaked, despite its quarterly profit surging 92%. Engie SA rose 5% after reporting a sharp increase …

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