HSBC share price: UK jobs data rattles sterling as HSBA heads for London open, results in sight
HSBC shares were indicated flat at 1,251.2 pence ahead of Tuesday’s London open after a 1% gain Monday. UK unemployment rose to 5.2% in December and wage growth slowed, pressuring rate-cut expectations. Sterling slipped 0.3% to $1.359. Investors await UK inflation data Wednesday and HSBC’s annual results on Feb. 25.