FINWIRES · TerminalLIVE
FINWIRES

$HSBC

86 stories mentioning HSBCUpdated 3d ago

Every FINWIRES story that references HSBC, newest first.

What's the latest news on HSBC?

Sectors

Sector Update: Financial Stocks Edge Higher Pre-Bell Thursday

Financial stocks were edging higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% lower.HSBC Holdings (HSBC) said Pam Kaur plans to step down as chief financial officer and executive director next year. Shares of HSBC Holdings were down more than 1% premarket.UBS (UBS) plans to cease its fund sales unit in China at the end of September, the company told Reuters in a statement. UBS stock was down more than 1% pre-bell.Mastercard (MA) has launched Mastercard Wallet Pay, a portfolio of payment tools meant to improve interoperability for digital wallets in contactless, QR code, and online payments. Mastercard shares were 0.4% higher premarket.

$FAS$FAZ$HSBC$MA$UBS$XLF
Sectors

Sector Update: Financial

Financial stocks were edging higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was inactive.HSBC Holdings (HSBC) said Pam Kaur plans to step down as chief financial officer and executive director next year. Shares of HSBC Holdings were down more than 1% premarket.

$HSBC
Asia Markets

Update: US Equity Futures Lower Pre-Bell Thursday as Traders Assess Inflation Data Amid Higher Oil Prices

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Thursday as traders assessed the first of two key inflation reports this week and observed oil prices continuing to ascend, with Brent crude futures exceeding $105 per barrel.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 1% lower.President Donald Trump said that he expects the war with Iran to end after the November US midterm elections, according to media reports. He told reporters Wednesday that Iran was trying to influence the elections.Traders digested the latest round of earnings, with Macy's (M) posting higher fiscal Q2 adjusted earnings and revenue.Oracle (ORCL) is expected to report its fiscal Q1 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.74 per share on revenue of $19.14 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.4% at $105.67 per barrel and US West Texas Intermediate crude 4.8% higher at $100.66 per barrel.The US Producer Price Index, a measure of wholesale inflation released at 8:30 am ET, rose 0.4% in August as expected in a survey compiled by Bloomberg, and following a 0.1% gain in July. The consumer price index follows on Friday.Initial jobless claims fell to 206,000 in the week ended Sept. 5 from 207,000 in the previous week, compared with expectations for a drop to 205,000.The existing home sales report, scheduled for release at 10 am ET, is expected to show a decrease of 1.7% for August after a 1.7% drop in the prior month.In other world markets, Japan's Nikkei closed 0.2% higher, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.2% lower in Europe's early afternoon session.In equities, Macy's stock fell 4% after the company reported its fiscal Q2 financial results. HSBC (HSBC) shares dropped 1.9% after the company said that Pam Kaur plans to step down as chief financial officer and executive director next year. UBS (UBS) stock was down 1.8% after a Reuters report that the company plans to cease its fund sales unit in China at the end of September.On the winning side, Exxon Mobil (XOM) and ConocoPhillips (COP) shares were up 1.9% and 2.3%, respectively, as part of a broader upswing in energy-related stocks.

Dow JonesNasdaq CompositeS&P 500$COP$HSBC$M$ORCL$UBS$XOM
Sectors

Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday

Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.HSBC (HSBC) is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported, citing a company spokesperson. Shares of HSBC Holdings were down more than 1% premarket.StoneX (SNEX) is relaunching City Index as StoneX Trading, bringing the self-directed trading business under the StoneX brand, the company said. StoneX stock was nearly 1% lower pre-bell.Blackstone (BX) is seeking to sell medical-grade skincare company ZO Skin Health with a valuation of around $2 billion, Reuters reported, citing people familiar with the matter. Blackstone shares were 0.2% lower premarket.

$BX$FAS$FAZ$HSBC$SNEX$XLF
Commodities

Exchange-Traded Funds, Equity Futures Down Pre-Bell Wednesday as Brent Crude Exceeds $100 a Barrel

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% lower in Wednesday's premarket activity as front-month North Sea Brent crude-oil futures exceeded $100 a barrel for the first time since July.US stock futures were mixed, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures losing 0.5% before the start of regular trading.Mortgage applications fell by 2.7% in the week ended Sept. 4 as a further increase in 30-year fixed mortgage rates depressed both refinancing activity and new home applications, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was up by 1.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.2% higher, Ether ETF (EETH) advanced 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.6%, the iShares US Technology ETF (IYW) was inactive, and the iShares Expanded Tech Sector ETF (IGM) was down 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 1.3%, while the iShares Semiconductor ETF (SOXX) dropped by 1.2%.Alphabet (GOOG, GOOGL) shares were down more than 2.2% in premarket activity after the company reported it will invest at least 13 billion euros ($15.10 billion) into AI infrastructure in Finland in 2027 through 2028.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) dropped by 0.2%.InnovAge Holding (INNV) stock was up more than 14% premarket after the company swung to fiscal Q4 earnings following stronger-than-expected revenue growth.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.8%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.5%.Amazon.com (AMZN) shares were down 1.6% pre-bell after the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day, according to a Bloomberg report.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI), the Vanguard Industrials Index Fund (VIS) remained inactive, and the iShares US Industrials ETF (IYJ) were inactive.Alamos Gold (AGI) stock was up more than 1.4% before the opening bell after closing down 1.4% Tuesday.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.9%.TotalEnergies (TTE) stock was up more than 1.3% before market open after Bloomberg News reported that TotalEnergies-backed NEO Next+ is among potential suitors considering buying BP's (BP) North Sea operations, the news outlet quoted people familiar with the matter as saying.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% lower, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% higher.HSBC Holdings (HSBC) shares were down 1.2% in early-hours activity after the company reported it is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported Wednesday, citing a company spokesperson.CommoditiesFront-month US West Texas Intermediate crude oil rose by 2.8% to $95.66 per barrel on the New York Mercantile Exchange. Natural gas was down 2% at $2.86 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.8%, while the United States Natural Gas Fund (UNG) was 1.8% lower.Gold futures for November advanced by 0.1% to $4,446.10 an ounce on the Comex. Silver futures lost by 0.4% to reach $66.77 an ounce. SPDR Gold Shares (GLD) was up by 0.8%, and the iShares Silver Trust (SLV) rose by 0.6%.

Dow JonesNasdaq CompositeS&P 500$AGI$AMZN$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$HSBC$IBB$IGM$IGV$INNV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Financial

Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.HSBC (HSBC) is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported, citing a company spokesperson. Shares of HSBC Holdings were down 1.4% premarket.

$HSBC
Asia Markets

Update: US Equity Futures Fall Pre-Bell as Brent Crude Surpasses $100 per Barrel

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Wednesday as oil prices continued to rise amid escalating attacks between the US and Iran in the Middle East, with Brent crude futures surpassing $100 per barrel for the first time in over a month.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.6% lower.US Central Command said in a post on X Tuesday that it had destroyed five Iranian oil carriers. In response, Iran said it had attacked 10 ships in the Strait of Hormuz, Reuters reported. Iran-backed Houthi forces have also struck four cities in Saudi Arabia, causing fires at oil installations.The US is moving to block some Canadian imports of alcoholic beverages, motorcycles and dairy products in an escalation of the trade war between the two nations after Canada's retaliatory tariffs took effect on Tuesday. The import bans go into effect on Sept. 29.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.9% at $100.78 per barrel and US West Texas Intermediate crude 3% higher at $95.83 per barrel.The Q2 Census Bureau services survey is slated to be released at 10 am ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was down 1.1%, and Germany's DAX index was 1.7% lower in Europe's early afternoon session.In equities, Meta Platforms (META) shares rose 5.2% after the company said it launched a new personal artificial intelligence agent to help users complete tasks and pursue goals. ASE Technology (ASX) stock was up 1% after the company reported net revenue of 82.25 billion New Taiwan dollars ($2.61 billion) in August, up 45.7% from a year earlier. BP (BP) shares were 1.7% higher after a Bloomberg report that the company has attracted interest from several potential buyers for its North Sea operations.On the losing side, Amazon (AMZN) stock was down 1.5% after a Bloomberg report that the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day. HSBC (HSBC) shares dropped 1.6% after a Reuters report citing a company spokesperson that the company is shutting down its transaction services operations in Germany, leading to more than 300 job cuts.

Dow JonesNasdaq CompositeS&P 500$AMZN$ASX$BP$HSBC$META
Treasury

Update: Amazon.com Mandates Banks for Debut Sterling Bond Sale

(Updates with Amazon's response in the third paragraph.)Amazon.com (AMZN) has hired banks for its first sterling bond offering that could launch as soon as Wednesday, Bloomberg News reported Tuesday, citing a person familiar with the matter.The e-commerce giant intends to offer tranches ranging from three years to 19 years, the unnamed source told the news outlet, adding that JPMorgan Chase (JPM), Barclays (BCS), HSBC (HSBC), and Natwest Group (NWG) are managing the deal."We regularly evaluate our operating plan and make financing decisions, like issuing bonds, accordingly," an Amazon spokesperson toldin an e-mail statement. "The proceeds from this issuance will be used for general corporate purposes, which may include, but are not limited to, supporting business investments, funding future capital expenditures, and repaying upcoming debt maturities."

$AMZN$BCS$HSBC$JPM$NWG
Treasury

Market Chatter: Amazon.com Mandates Banks for Debut Sterling Bond Sale

Amazon.com (AMZN) has hired banks for its first sterling bond offering that could launch as soon as Wednesday, Bloomberg News reported Tuesday, citing a person familiar with the matter.The e-commerce giant intends to offer tranches ranging from three years to 19 years, the unnamed source told the news outlet, adding that JPMorgan Chase (JPM), Barclays (BCS), HSBC (HSBC), and Natwest Group (NWG) are managing the deal.Amazon.com didn't immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$AMZN$BCS$HSBC$JPM$NWG
Wire

Update: Market Chatter: Barclays, HSBC, Starling Bank Pursue Covid-Era Loan Defaulters

(Updates with Barclays' response in the fifth paragraph.)Barclays (BCS), HSBC (HSBC) and Starling Bank have stepped up legal action against companies that defaulted on taxpayer-backed Covid-era loans as the UK government pressures lenders to recover losses, the Financial Times reported Tuesday.The banks have filed nearly 70 winding-up petitions since June against Bounce Back Loan recipients, many of which appear to have ceased trading or filed dormant accounts, according to the report.The UK government has urged lenders to pursue dormant borrowers to recover losses from the scheme, estimated at 2.8 billion pounds, the report added.Other banks are also expected to increase legal proceedings against Covid-era loan defaulters in the coming months, the FT reported, citing people familiar with the matter.A Barclays spokesperson toldthat the bank is committed to recovering Bounce Back Loan liabilities where appropriate and may pursue various recovery options, including legal action where necessary.HSBC did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $26.31, Change: $-0.34, Percent Change: -1.26%

$BCS$HSBC
Asia Markets

European Equities Traded in the US as American Depositary Receipts Edge Higher in Friday Trading

European equities traded in the US as American depositary receipts were marginally higher late Friday morning, edging up 0.03% to 1,963.94 on the S&P Europe Select ADR Index, which is off 0.5% for the week.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and medical device maker EDAP TMS (FOCL), which rose 3.7% and 0.7% respectively. They were followed by consumer goods company Unilever (UL), which was up 0.7% respectively.The decliners from continental Europe were led by biotech firms BioNTech (BNTX) and DBV Technologies (DBVT), which fell 7.5% and 4.8% respectively. They were followed by 3D printer company Materialise (MTLS) and biopharmaceutical company Cellectis (CLLS), which were down 3.8% and 2.1% respectively.The gainers from the UK were led by lender HSBC (HSBC), which rose 1.1%, followed by alcoholic beverage company Diageo (DEO) and software firm Endava (DAVA), which advanced 0.5% and 0.1% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and biotech firm Autolus Therapeutics (AUTL), which dropped 3.4% and 2.8% respectively. They were followed by biotech firm Bicycle Therapeutics (BCYC) and medical device firm Trinity Biotech (TRIB), which lost 2.8% and 2.6% respectively.

$AUTL$BCYC$BDRX$BNTX$CLLS$DAVA$DBVT$DEO$FOCL$HSBC$MTLS$TRIB$TRVG$UL
Wire

Update: Market Chatter: HSBC Leveraged Finance Managing Director Vikram Lamba Leaves Bank

(Updates with company's response in third paragraph.)HSBC's (HSBC) Managing Director for Leveraged and Acquisition Finance, Vikram Lamba, left the bank earlier this month, Bloomberg reported Friday, citing people familiar with the matter.Hong Kong-based Lamba previously worked at Merrill Lynch and Citigroup, according to his LinkedIn profile.HSBC declined to comment when contacted by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $104.12, Change: $+1.79, Percent Change: +1.74%

$HSBC
Wire

Market Chatter: HSBC Leveraged Finance Managing Director Vikram Lamba Leaves Bank

HSBC's (HSBC) Managing Director for Leveraged and Acquisition Finance, Vikram Lamba, left the bank earlier this month, Bloomberg reported Friday, citing people familiar with the matter.Hong Kong-based Lamba previously worked at Merrill Lynch and Citigroup, according to his LinkedIn profile.HSBC did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $104.07, Change: $+1.74, Percent Change: +1.70%

$HSBC
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading

European equities traded in the US as American depositary receipts were tracking higher late Thursday morning, rising 0.52% to 1,977.10 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and biopharmaceutical company Cellectis (CLLS), which climbed 5.6% and 4.1%, respectively. They were followed by oil and gas company Eni (E) and semiconductor company Sequans Communications (SQNS), which advanced 2.3% and 0.6%, respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and biopharmaceutical company DBV Technologies (DBVT), which lost 4.5% and 3.2%, respectively. They were followed by medical device maker EDAP TMS (FOCL) and internet browser company Opera (OPRA), which were down 2.3% and 2.1%, respectively.The gainers from the UK were led by oil and gas companies BP (BP) and Shell (SHEL), which rose 3.7% and 1.9%, respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and lender HSBC (HSBC), which were up 1.4% and 0.9%, respectively.The decliners from the UK and Ireland were led by biopharamceutical firm Mereo BioPharma Group (MREO) and biotech firm Autolus Therapeutics (AUTL), which fell 3.8% and 3.4%, respectively. They were followed by biopharmaceutical company NuCana (NCNA) and software company Endava (DAVA), which were down 3.2% and 1.3%, respectively.

$AUTL$BDRX$BNTX$BP$CLLS$DAVA$DBVT$E$EVAX$FOCL$HSBC$MREO$NCNA$OPRA$SHEL$SQNS
Asia Markets

European Equities Traded in the US as American Depositary Receipts Edge Up in Wednesday Trading

European equities traded in the US as American depositary receipts were edging higher late Wednesday morning, up 0.2% to 1,940.47 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company DBV Technologies (DBVT) and semiconductor firm Sequans Communications (SQNS), which rose 3.6% and 3.3% respectively. They were followed by argenx (ARGX) and Novo Nordisk (NVO), which rose 3.2% and 2.8% respectively.The decliners from continental Europe were led by internet ad firm Criteo (CRTO) and biopharmaceutical company Cellectis (CLLS), which dropped 18% and 1.8% respectively. They were followed by telecommunications company Nokia (NOK) and biopharmaceutical company Grifols (GRFS), which were down 1.5% and 1.3% respectively.The gainers from the UK were led by pharmaceutical company AstraZeneca (AZN) and communications company WPP (WPP), which increased 4.6% and 3.4% respectively. They were followed by educational publisher Pearson (PSO) and hospitality company Intercontinental Hotels Group (IHG), which were up 2.5% and 2.1% respectively.The decliners from the UK and Ireland were led by Biodexa Pharmaceuticals (BDRX) and insurance company Prudential (PUK), which fell 8.1% and 4.7% respectively. They were followed by Akari Therapeutics (AKTX) and lender HSBC (HSBC), which lost 3.6% and 3.2% respectively.

$AKTX$ARGX$AZN$BDRX$CLLS$CRTO$DBVT$GRFS$HSBC$IHG$NOK$NVO$PSO$PUK$SQNS$WPP
Commodities

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Amid Corporate Earnings, Hormuz Reopening Hopes

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Wednesday's premarket activity amid continued corporate earnings and optimism around a possible opening of the Strait of Hormuz.US stock futures were mixed, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures slipping 0.02% before the start of regular trading.Mortgage applications fell by 2.9% in the week ended July 31 as 30-year fixed mortgage rates rose to their highest level in more than a year after the Federal Open Market Committee's meeting last week, according to Mortgage Bankers Association data released Wednesday.S&P Global's services PMI report for July will be released at 9:45 am ET, followed by ISM's services reading for July at 10 am ET.The weekly petroleum stocks data will be released at 10:30 am ET.Federal Reserve Governor Lisa Cook is due to speak on Wednesday.In premarket activity, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% lower, Ether ETF (EETH) retreated 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) decreased 0.01%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, the Vanguard Industrials Index Fund (VIS) was up 1.1%, and the iShares US Industrials ETF (IYJ) was inactive.SpaceX (SPCX) shares were 11% lower pre-bell after the rocket and satellite company reported quarterly results for the first time since going public.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.3%, the iShares US Technology ETF (IYW) was 0.2% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.1% lower, while the iShares Semiconductor ETF (SOXX) fell by 1.9%.GlobalFoundries (GFS) shares were down more than 5% in premarket activity even after the company reported higher Q2 adjusted earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, and the iShares US Healthcare ETF (IYH) gained 0.7%. The iShares Biotechnology ETF (IBB) was also 0.7% higher.Eli Lilly (LLY) stock was up more than 4% premarket after the company reported higher Q2 non-GAAP earnings and revenue.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% lower.HSBC (HSBC) shares traded down 4% in early-hours activity after the company said late Tuesday it launched cash tender offers for four series of senior unsecured notes with an aggregate purchase price of up to $5 billion.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.1%, and the iShares US Consumer Staples ETF (IYK) was down 0.8%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.6%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Honda Motor (HMC) shares were up more than 4% pre-bell after the company reported higher fiscal Q1 earnings and revenue.EnergyThe iShares US Energy ETF (IYE) was down 0.035, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.2%.Phillips 66 (PSX) stock was up more than 1% before market open after the company reported higher Q2 adjusted earnings.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.5% to reach $76.12 per barrel on the New York Mercantile Exchange. Natural gas was up 0.4% at $2.69 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.5%, while the United States Natural Gas Fund (UNG) was 0.2% higher.Gold futures for November advanced by 2.4% to $4,250.40 an ounce on the Comex. Silver futures rose by 3.4% to $62.27 an ounce. SPDR Gold Shares (GLD) was up by 3%, and the iShares Silver Trust (SLV) was 4.4% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GFS$GLD$HMC$HSBC$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LLY$PMR$PSX$QQQ$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

Update: HSBC Shares Slip Following Q2 Results; Share Buyback Program Restarted

(Updates with the stock move in the headline and the first paragraph.)HSBC (HSBC) shares fell nearly 1% in Tuesday trading after the company reported higher Q2 earnings and revenue and resumed a share repurchase program.The bank reported basic earnings per share for Q2 of $0.45, up from $0.26 in the year-ago quarter.Analysts' estimates weren't available for comparison.Revenue for the quarter ended June 30 was $19.1 billion, up from $16.5 billion in the same period a year ago.Analysts' estimates weren't available for comparison.HSBC also announced a resumption of a share buyback program of up to $1 billion.Price: $106.96, Change: $-0.90, Percent Change: -0.83%

$HSBC
Sectors

Sector Update: Financial Stocks Lean Lower Premarket Tuesday

Financial stocks were leaning lower premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was inactive.HSBC Holdings (HSBC) shares were down more than 1% even after the company posted higher Q2 basic earnings per share and revenue.Apollo Global Management (APO) reported higher Q2 adjusted earnings and revenue. Apollo was 0.6% lower pre-bell.Broadridge Financial Solutions (BR) shares were up more than 2% after the company posted higher fiscal Q4 adjusted earnings and revenue.

$APO$BR$FAS$FAZ$HSBC$XLF
Sectors

Sector Update: Financial

Financial stocks were leaning lower premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.6% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.5%.HSBC Holdings (HSBC) shares were down more than 1% even after the company posted higher Q2 basic earnings per share and revenue.

$HSBC
Asia Markets

Update: Palantir Earnings Beat, Tech Stock Rally Lift US Equity Futures Pre-Bell

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Tuesday as technology-related stocks were on the upswing, highlighted by a Q2 beat-and-raise from Palantir Technologies (PLTR).Dow Jones Industrial Average futures were 1.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 1.1% higher.Palantir shares were up more than 15% in pre-market activity after the company posted Q2 adjusted earnings and revenue that surpassed analysts' estimates, as well as boosting its full-year 2026 revenue outlook.President Donald Trump said late Monday that Exxon Mobil (XOM) and Chevron (CVX) had made "too much money" off higher oil prices and told them to "give some of that back to the public," multiple media outlets reported.SpaceX (SPCX) is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect a loss of $0.23 per share on revenue of $6.83 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.4% at $81.77 per barrel and US West Texas Intermediate crude 3.1% lower at $77.86 per barrel.The US international trade deficit narrowed to $73.26 billion in June from revised $77.65 billion gap in May, compared with a $73.0 billion gap expected in a survey compiled by Bloomberg.June factory orders, due at 10 am ET, are expected to have gained 0.2%, compared with a decline of 1.3% previously. June job openings from the US Department of Labor's Job Openings and Labor Turnover Survey are expected at 7.454 million, compared with 7.594 million in the prior month.In other world markets, Japan's Nikkei closed 0.3% higher, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 0.8% higher in Europe's early afternoon session.In equities, Caterpillar (CAT) shares rose 11% after the company's Q2 adjusted profit and revenue beat analysts' consensus. Merck (MRK) stock was up 0.9% after the company posted better-than-expected Q2 results. Broadcom (AVGO) shares were 2.7% higher and Micron Technology (MU) stock was up 4.5% as part of a broader rally in technology stocks.On the losing side, HSBC (HSBC) shares fell 2% despite the company posting higher basic earnings and revenue for Q2. Prologis (PLD) stock was down 3% after the company said it reached a recommended agreement to acquire Segro in a transaction valuing the target company at about $18.8 billion.

Dow JonesNasdaq CompositeS&P 500$AVGO$CAT$CVX$HSBC$MRK$MU$PLD$PLTR$SPCX$XOM

Showing 1-20 of 86

Track with the FINWIRES app suite

FolioX
FolioX
Track HSBC in your portfolio
WheelAI
WheelAI
Analyze HSBC options with the wheel strategy
StockInsider
StockInsider
See market sentiment on HSBC