Issue link: https://maltatoday.uberflip.com/i/1504500
SYMBOL LAST CHANGE % HIGH LOW DOW JONES – US 33,561.80 -56.88 -0.17% 33,656.40 33,509.70 NASDAQ – US 12,179.50 +0.00 +0.00% 12,216.10 12,174.10 S&P 500 – US 4,119.17 -18.95 -0.46% 4,130.35 4,116.65 RUSSELL 2000 – US 1,749.68 -4.79 -0.27% 1,756.09 1,737.70 S&P TSX – CANADA 20,585.70 +0.58 +0.00% 20,599.00 20,455.50 IPC – MEXICO 55,452.70 +419.61 +0.76% 55,497.80 54,899.40 FTSE – UK 7,750.80 -13.29 -0.17% 7,778.98 7,750.37 CAC 40 – FRANCE 7,373.77 -23.40 -0.32% 7,416.32 7,373.20 DAX 40 – GERMANY 15,886.20 -69.32 -0.43% 15,980.80 15,884.00 FTSE MIB – ITALY 27,325.70 -57.80 -0.21% 27,476.40 27,324.70 MICEX – RUSSIA 2,524.31 -3.28 -0.13% 2,535.03 2,483.79 NIKKEI 225 – JAPAN 29,122.20 -120.64 -0.41% 29,195.20 29,070.10 SHANGHAI COMPOSITE – CHINA 3,319.15 -38.52 -1.15% 3,349.72 3,305.25 HANG SENG – HONG KONG 19,776.90 -90.64 -0.46% 19,880.00 19,696.60 NIFTY 50 – INDIA 18,249.10 -16.90 -0.09% 18,323.20 18,211.90 KOSPI – KOREA 2,496.51 -13.55 -0.54% 2,510.13 2,488.42 27.7.2023 7 MARKETS International Markets Global Indices Trading Date: 26 July 2023 FTSE 100: Lloyds' shares slip on first-half earnings miss SHARES in Lloyds Banking Group PLC (LSE:LLOY) fell on Wednesday following first-half results which missed expectations mainly due to rising impairment charges. However, despite the fall commentators remained broadly positive on the outlook for UK's largest lender. Zoe Gillespie, investment manager at RBC Brewin Dolphin, said: "Lloyds has narrowly missed analyst ex- pectations with its results, but the bank remains in a very strong position." "Although it has highlighted potential headwinds, Lloyds has also increased its guidance for the year, buoyed by an improving net interest margin, relatively limited impairment costs, and good asset quality," she pointed out. Shore Capital's Gary Greenwood said the earnings miss was primarily due to higher-than-expected im- pairments and volatility charges. He noted full year net interest margin and return on equity guidance have been upgraded but explained "the new levels are already captured in consensus, which may still edge down slightly given the Q2 miss." "We expect the market to be a little disappointed overall," he said although he retains a buy rating on the stock. At Jefferies, analysts described the numbers as "in line" and said overall the second quarter "ticks the box- es." "We do not see consensus moving materially on this print - some scope for higher non-interest income par- tially offset by higher operating lease depreciation," Richard Hunter at interactive investor, commented "Despite something of a slowdown in the second quar- ter as was largely expected, for the half-year as a whole Lloyds has again shown its financial mettle." "The second quarter slowdown has taken some of the shine from the bank's recent progress, but the market consensus of the shares as a buy for the longer term is unlikely to be unduly affected," he added. Shares were 2.8% lower at 44.80p after earlier hitting a low of 43.71p. FTSE 100 Daily Price Chart DAX 40 Daily Price Chart