European shares fall as HSBC slump and energy fears offset AI glow

What happened: European shares fell on Tuesday, with the pan-European STOXX 600 down 0.43%, as a post-earnings slide in HSBC and energy inflation concerns offset an overnight tech rally. Key numbers: STOXX 600 fell 0.43%, DAX fell 0.2%, CAC 40 fell 0.4%, FTSE 100 fell 1%. HSBC shares fell over 6%. Why it matters: HSBC's underlying slowdown in wealth management and rising costs overshadowed its headline profit beat, dragging the banking sector. Europe's lack of large-cap tech concentration has left its benchmarks trailing global tech-driven gains. Market: -5.6% today ($134.30), +11.6% YTD, 2.6x vol — as of 08:00 UTC

European shares fell on Tuesday, with the pan-European STOXX 600 down 0.43%, as a post-earnings slide in HSBC and energy inflation concerns offset an overnight tech rally.

HSBC's underlying slowdown in wealth management and rising costs overshadowed its headline profit beat, dragging the banking sector. Europe's lack of large-cap tech concentration has left its benchmarks trailing global tech-driven gains. Market: -5.6% today ($134.30), +11.6% YTD, 2.6x vol — as of 08:00 UTC