These disappointing numbers come after the Eurozone economy unexpectedly grew in the final quarter of 2022, and suggest theThere also remains a degree of caution within the markets as Russian President Vladimir Putin makes a speech as his invasion of Ukraine enters a second year.
In the corporate sector, HSBC stock fell 1.9% despite Europe’s largest bank reporting a sharp jump in its fourth-quarter profit earlier Tuesday. The lender also signaled the windfall from rising interest rates had peaked, while it had taken a $300 million loss on the expected sale of its Russian business.
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It's concerning to see European stocks fall across the region due to growing rate hike fears. Let's hope for a swift recovery. EuropeanStocks RateHikeFears
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Source: Reuters - 🏆 2. / 97 Read more »