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