$HSBC

https://de.cointelegraph.com/news/hsbc-reportedly-blacklists-microstrategy-s-stock-for-investing-in-bitcoin

HSBC RAISES US 2021 GDP FORECAST TO 5.0% FROM 3.5% AND UPS 2022 GDP FORECAST TO 3.0% FROM 2.5%

UK Market UK markets finished in the green yesterday, on optimism over UK government’s plans to ease Covid-19 restrictions. Workspace Group climbed 5.9%, on expectations that more workers will be returning to offices in the next few months. easyJet advanced 4.5%, after the airline operator reported a surge in bookings, after British Prime Minister, Boris Johnson outlined the government’s lockdown exit strategy. Future rose 2.1%, after a top broker raised its target price on the stock to 2,600.0p from 2,280.0p. On the other hand, InterContinental Hotels Group fell 1.6%, after the company swung to an annual loss and cancelled its final dividend. HSBC Holdings shed 0.9%, after the lender reported a decline in its annual profit. The FTSE 100 advanced 0.2%, to close at 6,625.9, while the FTSE 250 rose 0.4%, to end at 21,057.7. .

U.S. Equity Futures, European Markets Lower; HSBC Reported 34% YoY Drop in Profit Due to Covid-19; Crude Rally Continues on Lower U.S. Output Due to Texas Freeze; Bitcoin Fell 17% on Valuation Concerns

Upgrades 2/9: $AMG $BECN $BIDU $CMG $CPT $EQR $F $KREF $HSBC $STZ $TCFC $TPR $TWLO $WPP $YNDX $ZION

UK Market UK finished in the red yesterday, led by concerns over rising coronavirus cases and amid tighter restrictions in the UK to curb the Covid crisis. Superdry plunged 16.3%, after the company cautioned over its ability to continue as a going concern, following a drop in its first half sales. Entain declined 11.9%, on reports that casino operator, MGM Resorts International scrapped its $11 billion takeover plan. AO World dropped 4.2%, despite reporting a rise in its third quarter revenue. Rio Tinto fell 1.0%. The mining company reported a rise in its annual shipments of iron ore from its Australian mining hub. On the contrary, HSBC Holdings advanced 2.1%, after announcing that it expects to resume dividend payments as soon as possible. AJ Bell added 2.1%, after a top broker upgraded its rating on the stock to ‘Hold’ from ‘Sell’. The FTSE 100 declined 0.1%, to close at 6,713.0, while the FTSE 250 fell 0.2%, to end at 20,602.9. .

UK Market UK finished in the red yesterday, amid worries about growing coronavirus cases and tighter restrictions in the country to control the spread of the virus. Games Workshop declined 6.7%, despite reporting better than expected performance in the first half of the year. Clarkson fell 2.3%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Overweight’. On the contrary, Playtech advanced 4.3%, after the gambling software company forecasted its annual performance to be ahead of market expectations. Kingfisher rose 1.8%, after announcing that it expects to report annual profits to be better than initially estimated. HSBC added 1.1%, after a top broker raised its target price on the stock to 400.0p from 380.0p. The FTSE 100 declined 0.7%, to close at 6,754.1, while the FTSE 250 fell 0.3%, to end at 20,713.0. .

The FTSE 100 struck 6,900 in early trade having yesterday enjoyed its best day since November 9th - when it rallied almost 5 per cent following the announcement by Pfizer and BioNTech of their vaccine’s high efficacy. The blue chip index jumped 3.66 per cent on Wednesday following a good day for value, especially energy and financials. Basic materials also performed well on hopes that reflationary macros and expansionary fiscal policy will boost demand. Signs that the UK government is taking serious steps to get vaccines rolled out as quickly as possible is encouraging and allows investors to continue to ignore short-term risks from lockdowns going on for longer and ride the reopening narrative. HSBC and Standard Chartered +10 per cent or so in a day was not normal and probably highlights how mispriced some of these value stocks have become due the pandemic and vaccines. The FTSE is up over 6 per cent this week.

Asia Market Asia was trading higher this morning, amid optimism over Covid-19 vaccine. In Japan, Asahi Kasei and Nomura Holdings have advanced 4.2% and 4.4%, respectively. Meanwhile, Tokai Carbon and ANA Holdings have dropped 1.6% and 1.9%, respectively. In Hong Kong, AAC Technologies Holdings and China Construction Bank have risen 2.2% and 2.3%, respectively. Meanwhile, HSBC Holdings and CK Hutchison Holdings have fallen 0.7% and 0.8%, respectively. In South Korea, Daewoong Pharmaceutical and Asiana IDT have climbed 10.1% and 10.9%, respectively. Meanwhile, Moorim Paper and Seha have declined 5.4% and 5.7%, respectively. The Nikkei 225 index is trading 1.5% higher at 26,828.9. The Hang Seng index is trading 0.9% up at 26,586.2, while the Kospi index is trading 1.4% firmer at 2,628.1.

https://www.bloomberg.com/news/articles/2020-11-29/hsbc-contemplates-complete-exit-from-u-s-retail-banking

UK markets finished in the red yesterday, amid concerns about rising Covid-19 cases and doubts about the US stimulus package. Bloomsbury Publishing jumped 18.1%, after the Harry Potter publisher posted higher interim profit and resumed dividend payments. InterContinental Hotels Group dropped 2.4%, after a top broker lowered its target price on the stock to 5,000.0p to 4,900.0p. BP fell 2.1%, after reporting profit on a replacement cost basis. Whitbread shed 2.0%, after the company swung to a loss in the first half of the year as its hotels were closed due to the coronavirus lockdown. Flutter Entertainment slid 0.9%, following a rating downgrade on the stock to ‘Sector Perform’ from ‘Outperform’. On the contrary, HSBC Holdings rose 3.4%, after announcing plans to move to a fee based businesses model as it unveiled a less than expected fall in third quarter profits. The FTSE 100 declined 1.1%, to close at 5,729.0, while the FTSE 250 fell 1.5%, to end at 17,587.7. .

HSBC dividend hopes rekindled. Shares rallied 6 per cent on upbeat noises from management that it intends to start paying dividends again despite profits falling by a third as lower interest rates bit. In its Q3 statement today the bank said the board will consider whether to pay a “conservative” dividend for 2020. It will depend on regulators – we noted yesterday that shares in UK banks were slow to respond to reports the Bank of England is talking to commercial banks about restarting divis. The prospect of dividends coming back will interest income investors again and with returns cut all over the place, anything that offers yield will be snapped up.

HSBC and BP shares show signs of a rally

got $HSBC Oct30 weekly 20C last week for 0.2 a piece, earnings on Monday...I should probably get rid of half

looks like $HSBC UOA could be an earnings play too.

4218 $HSBC Oct20 30th 20.5 Calls trade $0.36

4218 $HSBC Oct20 30th 20.5 Calls trade $0.36

4218 $HSBC Oct20 30th 20.5 Calls trade $0.36 (FT Theo=0.31) Above Ask! CBOE 14:29:57 IV=46.8% +8.4 FLOOR - OPENING Vol=8759, OI=301,

Markets in Asia are trading mostly higher this morning. In Japan, Tokyu and JGC Holdings have dropped 2.7% and 3.2%, respectively. Meanwhile, Recruit Holdings and Daikin Industries have risen 0.9% and 1.2%, respectively. In Hong Kong, China Resources Land and Geely Automobile Holdings have advanced 1.9% and 2.3%, respectively. Meanwhile, HSBC Holdings and Bank of Communications have fallen 0.2% and 0.3%, respectively. In South Korea, SK Gas and Pyung Hwa Holdings have jumped 8.3% and 9.8%, respectively. Meanwhile, DSR and Yungjin Pharmaceutical have dropped 4.6% and 5.0%, respectively. The Nikkei 225 index is trading 0.6% lower at 23,427.3. The Hang Seng index is trading 0.6% up at 24,785.8, while the Kospi index is trading 0.1% higher at 2,439.6

HSBC got away with being a global supplier of cocaine and got off easy

Markets in Asia are trading mostly higher this morning. In Japan, Mazda Motor and Toho Zinc have advanced 5.2% and 5.7%, respectively. Meanwhile, Fujitsu and SCREEN Holdings have fallen 1.6% and 2.1%, respectively. In Hong Kong, HSBC Holdings and Shenzhou International Group Holdings have risen 2.0% and 2.2%, respectively. Meanwhile, AAC Technologies Holdings and Sunny Optical Technology Group have fallen 0.2% and 0.3%, respectively. In South Korea, Bukwang Pharmaceutical and Bumyang Construction have dropped 3.7% and 4.2% respectively. Meanwhile, Chokwang Leather and SeAH Steel have climbed 12.2% and 13.8%, respectively. The Nikkei 225 index is trading 0.4% higher at 23,292.8. The Hang Seng index is trading 1.0% up at 25,531.3, while the Kospi index is trading 2.7% lower at 2,372.9.

The declaration of a 'major incident' in Greater Manchester where covid-19 infections are rising in various clusters has not helped brittle confidence among traders in London. Despite Asian markets performing solidly overnight - Japan's Nikkei closed more than 2 per cent higher - the FTSE 100 sold off shortly after the open, building on last week's selling momentum which means the blue chip index is now down more than 4 per cent over the past five trading days. Although authorities in Manchester are describing the alert level as normal practice to ensure all services are aligned in their actions to fight against the rise in infections, coming on the back of Thursday evening's reintroduction of lockdown measures across several northern metropolitan areas it has raised concerns of a second wave of infections hitting the UK. HSBC is the last major UK bank to announce results and today it followed in the footsteps of its peers by announcing chunky impairments against bad debts, which are expected to spike as the global economy tries to right itself.

https://www.zerohedge.com/markets/hsbc-leads-markets-lower-white-house-targets-hong-kong-dollar-peg

European shares took the baton and opened roughly 2 per cent higher in early trade on Monday led by a surge in bank stocks. HSBC rallied 6 per cent apparently on the China trade read across, but elsewhere we saw broad gains as investors looked to new leadership at Lloyds and Commerzbank, whilst hopes of a fiscal lift in Europe may be a factor. Broadly it looks like the Chinese rally has lifted cyclicals like banks and autos. Economic data was better but not as good as hoped - German factory orders jumped 10.4 per cent in May, although the rebound was less impressive than the 15 per cent expected. Orders remain almost a third below where they were a year before. Bank of France Governor Francois Villeroy de Galhau said on Sunday the country’s economy was bouncing back quicker than expected.

In FX, the pound suffered one of its worst days in a long while and crashed to its weakest level against the US dollar since 1985. This is largely about a dollar funding squeeze, which central banks are desperately trying to fix to little avail at present. If you look at the worst performing currencies over the last few days they are the NOK, AUD, GBP and NZD, which funnily enough are the most risk-on currencies in the world. Sterling has become a risk-on, risk-off play - RoRo in the trade. As HSBC analysts stressed yesterday in a note, Global Britain means a Global GBP, which makes it way more exposed to risk sentiment moves than it was in the past.