HSBC shares tick up 4.5% as earnings beat expectations; European markets slightly higher

The pan-European Stoxx 600 was up 0.28% by 9:27 a.m. London time, with sectors slipping into mixed territory. Banks and mining stocks both added 1.15% while travel and leisure stocks slipped 0.49%.'s London-listed shares added 4.5% after it issued a third-quarter earnings report that beat analyst estimates and announced that it will repurchase up to $3 billion in shares.fell 3.5%, despite the company raising its full-year guidance after reporting an uptick in third-quarter sales.

German group Lufthansa posted a 9% year-on-year drop in adjusted operating profit for the third quarter – seasonally a strong period for airline carriers, which includes the high-traffic months of summer vacation in the West. European markets opened higher Tuesday as traders in the region digested the latest slew of earnings reports.

Looking ahead to next week's U.S. presidential election, he said the pharmaceutical industry was urging the"right fixes" from the next administration, regardless of the winner, to ensure legislatures do not"penalize certain types of medication." It comes as drug prices have come under pressure from U.S. regulators.Amanda Tickel, head of tax and trade policy at Deloitte UK, weighs in on Finance Minister Rachel Reeves' upcoming U.K.

The sportswear giant said sales were up 10% in currency-neutral terms, driven by particular growth in the European and Latin American markets. North America sales dipped 7% in the third quarter, due solely to Adidas'"significantly smaller Yeezy business." The company pointed to"important innovation milestones," including in the firm's early breast cancer and nephropathy treatments, as having helped drive the revised outlook.CNBC Pro: Alibaba and more: Fund manager gets bullish on 3 China tech stocks — expecting one to double

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