• Business,
  • World

    • European Stocks Slip as HSBC Shares Fall on $400m Loss

    By on May 5, 2026
    European Stocks
    European Stocks

    Brussels: European stocks declined slightly today, extending losses from the previous session which saw the sharpest drop in a month.

    The STOXX Europe 600 index slipped by 0.1 percent to 604.68 points as of 07:04 GMT. Major European markets also recorded losses, with London’s FTSE 100 falling by 1 percent.

    Shares of HSBC dropped by 5.1 percent after the bank reported an unexpected loss of $400 million linked to a fraud case in the United Kingdom, resulting in first-quarter profits missing market expectations.

    Meanwhile, shares of Anheuser-Busch InBev rose by 6.3 percent, partially offsetting broader market declines.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.