FedDecision

FTSE 100 drops 0.8% after HSBC shares fall 5.4% on earnings miss

London’s FTSE 100 closed at 10,686.54 on Tuesday, down 0.8%, after HSBC shares fell 5.4% on a net interest income shortfall. The Conference Board said US consumer confidence rose to 91.7 in October, adding a mixed backdrop ahead of the UK budget and US Federal Reserve meeting.