HSBC shares tick up 4.5% as earnings beat expectations; European markets slightly higher
This is CNBC's live blog covering European markets.
European markets were slightly higherTuesday as traders in the region digested the latest slew of earnings reports.
The pan-European Stoxx 600 was up 0.09% by 11:30 a.m. London time, with sectors slipping into mixed territory. Mining stocks added 1.25% while travel and leisure stocks slipped 0.7%.
HBSC's London-listed shares added 4.5% after it issued a third-quarter earnings report that beat analyst estimates and announced that it will repurchase up to $3 billion in shares.
Shares of Novartis fell 3.5%, despite the company raising its full-year guidance after reporting an uptick in third-quarter sales. CEO Vas Narasimhan told CNBC Tuesday he was confident the company can retain "consistent growth" by focusing on its range of around 15 blockbuster drugs, even as it steers clear of the GLP-1 weight loss drug market.
The stock pared losses slightly by mid-morning, and was last seen down 2.6%.
Tuesday saw a deluge of other earning, including from Adidas, Lufthansa, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures.
Asia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of mega-cap technology earnings this week, including Meta Platforms and Microsoft on Wednesday and Apple on Thursday..
Shares of Swiss dental implants maker Straumann fell more than 10% on Tuesday as lackluster growth in the key U.S. market weighed on the company's third-quarter earnings results.
On the other end, HBSC's London-listed shares added 4.5% after it issued a third-quarter earnings report that beat analyst estimates and announced that it will repurchase up to $3 billion in shares.
— Karen Gilchrist
Spain'