A lower oil price and heavy falls in lender HSBC kept the FTSE 100 in the red on Tuesday, as investors look ahead to the Budget and US rate call on Wednesday.

In London, the FTSE 100 index ended down 80.79 points, 0.8%, at 10,686.54.

The FTSE 250 ended 215.12 points higher, 0.9%, at 24,716.37, and the AIM all-share advanced 5.31 points, 0.7%, at 758.49.

The FTSE 100 underperformed European peers, while the mood was also positive in the US as technology stocks rallied.

The falls in London came as shares in two of its blue-chip heavyweights HSBC and Reckitt Benckiser declined sharply after third quarter updates.

Asia-focused lender HSBC ended down 5.4% as third quarter net interest income came in shy of market expectations.

Constant currency revenue rose 4.8% to 18.62 billion dollars in its third quarter from 17.76 billion dollars but was below 18.93 billion dollars consensus.

While banking net interest income grew to 11.66 billion dollars from 11.05 billion dollars, missing the 11.90 billion dollars…