European stocks rise during results season; HSBC gains on buyback

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European stocks rise during results season; HSBC gains on buyback

Investing.com - European stock markets edged higher Tuesday, as traders digested quarterly results from some of the region’s largest companies.) stock rose 2.2% after the Asia-focused bank reported a stronger-than-expected third-quarter profit amid sustained strength in its wealth management unit, and announced a hefty $3 billion buyback.

Helping the tone was Monday’s news that the U.S. was seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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