European indexes mixed as bank stocks drag; HSBC falls over 6% on Hang Seng privatization bid

[Close-up of woman trading stock online on mobile phone]
Luis Alvarez

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.30% to 9,519.70.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.24% to 24,656.33.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.26% to 8,081.32.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] fell 0.2% on Thursday amid losses in the banking sector, while traders continued to monitor political developments in France.

HSBC’s London-listed shares [https://seekingalpha.com/news/4502849-hsbc-proposes-136-billion-deal-to-take-hong-kongs-hang-seng-bank-private]dropped over 6% after a privatization bid for its Hong Kong–based subsidiary Hang Seng Bank.

Germany’s exports, meanwhile, dropped 0.5% month-over-month to a nine-month low of €129.67 billion in August, missing market forecasts of 0.3% growth.

IN THE BOND MARKET, the yield on the US 10-year Treasury was unchanged at 4.13%.

Germany's 10-year yield was up 1 basis point at 2.69%.

UK's 10-year yield was up 1 basis point at 4.72%.

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MORE ON EUROPE, ETC.

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* EWI: 4 Reasons Why I Would Avoid This ETF [https://seekingalpha.com/article/4828271-ewi-4-reasons-why-i-would-avoid-this-etf]
* Euro Steadies As U.S. Shutdown Weighs On Dollar [https://seekingalpha.com/article/4827548-euro-steadies-as-us-shutdown-weighs-on-dollar]
* European indexes mixed as French political turmoil weighs on sentiment; Renault, Kering on the move [https://seekingalpha.com/news/4502204-european-indexes-mixed-as-french-political-turmoil-weighs-on-sentiment-renault-kering-on-the-move]
* France records trade deficit of €5,500 million in August [https://seekingalpha.com/news/4502200-france-records-trade-deficit-of-5500-million-in-august]