European shares rise as earnings offset HSBC drop
European shares closed higher on Tuesday as strong corporate earnings and lower oil prices helped offset losses from HSBC. The STOXX 600 index rose 0.47 percent ahead of the European Central Bank rate decision.
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European shares rose on Tuesday afternoon as strong corporate earnings and falling Brent Crude Oil prices offset an earlier drag from HSBC HOLDINGS PLC-SPONS ADR's revenue miss. The pan-European STOXX 600 index climbed 0.47% to 643.68 points, recovering from an intraday decline of 0.41%. The gains position the benchmark index higher ahead of the ECB rate decision on Thursday, when policymakers are expected to maintain steady borrowing costs.
