European shares retreated on Monday as a glum profit outlook from the region’s largest lender HSBC offset gains in trade-sensitive sectors buoyed by positive developments on the U.S.-China trade front. The pan-European STOXX 600 index fell 0.2% at 0935 GMT with the banking index leading the losses. Asia-focused lender HSBC slipped 4% to the bottom of the benchmark index after it dropped its 2020 profit target, and said it would undertake a costly restructuring as the bank struggled amidst a slowing global environment. …read more
Source:: Yahoo Finance
