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FTSE 100 futures unimpressed as HSBC Q4 results
Earlier this morning the quite eagerly awaited Q4 earnings results from the UK and Asian banking giant, HSBC were released. Their Q4 profits sank 80% from Q3 on write-offs on Chinese bank impairments and French retail operations write-downs. The markets had expected better and of course HSBC is the third largest component in the FTSE 100. The Stock closed yesterday at £643.80 and it could be no surprise to see it open lower this morning, but I have no pre-market price at this early stage in the day. The FTSE 100 closed last night above 7,700 once again, so it continued to hold the break, but not at its highest levels of the day (7,748). The FTSE actually closed 9 points lower, at 7,719. The index is currently priced to reopen at around 7,710
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