European stocks were down on Tuesday, as investors responded to disappointing earnings from HSBC and BHP Group while trade negotiations between the U.S. and China continue
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HSBC is expected to announce a 24 percent jump in full-year profitHSBC, Europe's largest bank, is scheduled to report full-year earnings on Tuesday.
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HSBC misses profit, blames Brexit, trade tensionsHSBC Holdings PLC reported lower than expected fourth-quarter profit Tuesday as choppy financial markets, U.S.-China trade tensions and Brexit uncertainty weighed on the global bank. HSBC shares dipped 2% in Hong Kong after it said cost growth outstripped revenue at the end of 2018. The bank said customers held off on business when markets turned volatile last year, hitting revenue in its global markets business and retail banking and wealth management units.
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