Agencies HSBC's revenue miss and unrest in France weigh on European markets, while Novartis gains on an improved earnings outlook.
Synopsis European shares fell as HSBC's disappointing revenue weighed on banking stocks, while political unrest in France dampened investor sentiment.
The STOXX 600 slipped, with gains in healthcare stocks following Novartis' upgraded earnings outlook offering some support.
By Anupam Nagar, ETMarkets.com XPeers Novartis India Share Price Abbott India Share Price GlaxoSmithKline Pharmaceuticals Share Price Pfizer Share Price AstraZeneca Pharma India Share Price Oct 27, 2026, 04:27:00 PM IST Follow us European shares fell on Tuesday as disappointing earnings from HSBC weighed on banking stocks, while persistent political and social tensions in France added to investor caution.ADVERTISEMENT The pan-European STOXX 600 index was down 0.2% at 639.64 points by 0805 GMT, giving up some of the gains from Monday, when the benchmark had climbed nearly 0.8%.Banking stocks led the declines, with the sector index falling 1.3% after HSBC shares slumped 6.9%.
Europe's largest bank reported revenue below market expectations, partly reflecting slower growth in its wealth business.
The results raised concerns about the lender's ability to sustain revenue growth amid a challenging operating environment.
A look at key stakeholders Investor sentiment also remained under pressure due to continuing unrest in France.
Student leaders vowed to continue protests despite government concessions on education, fuelling concerns that the movement could spread to trade unions and other activist groups.The potential for prolonged demonstrations has heightened worries about economic disruption in the euro zone's second-largest economy.
French equities fell more than 2% last week as the protests undermined investor confidence.ADVERTISEMENT
