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Mixed earnings for Europe as battle against inflation in UK takes step forward

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Corporate updates are dominating this morning after HSBC’s earnings report contained the surprise news that its CEO is stepping down after 5 years in the job.

However, HSBC’s share price is rising on Tuesday morning and is higher by nearly 2%, as the market focuses on the buyback, decent profits and strong net interest income along with an expected drawn out succession plan. Banks lead the

on Tuesday, and they are rising broadly, with HSBC and Standard Chartered leading the charge. has risen this morning, as there has been a wave of upgrades to the mining sector, including Rio Tinto and BHP, which could boost the

 

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