European Daily Market Review 18.2.20

European markets lost some ground today with shares in London off the most.

The British FTSE-100 fell 0.68% while Germany’s DAX dropped 0.51% and the French CAC-40 lost 0.21%.

The pan-European Stoxx-600 slipped 0.4% by early afternoon, paring earlier losses.

A massive decline of FTSE 100’s most heavily weighted stock — HSBC — dragged the U.K. index.

HSBC announced it came below 2019 earnings forecasts to record a 32.9% fall in pre-tax profit.

Average weekly wages in the UK have rallied their highest levels since before the financial crisis. Weekly pay jumped to £512 in the three months to December.


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