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Highlights
FTSE 100 expected to open higher following gains across US indices despite declining UK car output
LON:LLOY interim results released with ongoing scrutiny over motor finance commissions
US tech earnings mixed as Tesla slides and Alphabet steady
The FTSE 100 looks set to start Thursday’s session on a stronger note, continuing its recent upward trajectory. Gains follow upbeat sessions across major US indices including the Dow Jones, S&P 500, Nasdaq Composite, and Russell 2000. This momentum comes despite newly released figures showing a notable year-on-year drop in UK vehicle manufacturing volumes.
Early futures indicate a higher opening for the FTSE 100, which recorded another all-time closing high previously. The FTSE 350 and FTSE market sentiment also remain broadly supportive amid global macroeconomic optimism and key earnings reports.
LON:LLOY Opens Bank Earnings Season with Interim Results
Lloyds Banking Group PLC (LON:LLOY) released its interim financials as it begins the second-quarter reporting cycle for UK banks. A focal point remains the ongoing legal proceedings related to motor finance commissions. Lloyds has already accounted for related provisions and further developments may be reflected in this latest release.
In its first-quarter results earlier this year, LON:LLOY posted an impairment charge that included a component addressing economic uncertainties tied to international tariffs. Current updates highlight expected movement in net interest margins and core banking income.
The financial institution’s performance and broader position within the FTSE Dividend Yield segment continue to attract attention, especially as UK lenders navigate a changing regulatory landscape and shifting economic backdrop.
Tesla Faces Headwinds While Alphabet Maintains Upward Trend
Overnight, two prominent US technology companies released quarterly earnings. Alphabet Inc reported mixed figures but held steady in post-market activity, buoyed by growth across core operations. Tesla Inc, however, saw a downturn in after-hours trading following comments from its leadership indicating possible challenges in the near-term.
Despite the divergent outcomes, broader US equity indices moved higher, with the S&P 500 and Nasdaq Composite achieving new intraday peaks. Positive sentiment across these major markets often contributes to early movements in the FTSE 100, particularly when mirrored by gains in futures and global equity momentum.
ITV PLC Flags Tougher Quarter Amid Advertising Slowdown
ITV PLC (LON:ITV) also issued an update, indicating a more challenging second quarter ahead. The broadcaster has already warned about expected softness in advertising revenue, a trend attributed to cyclical and sector-specific factors. As part of the FTSE 350, LON:ITV continues to adjust to evolving consumer habits and advertising spending patterns, which play a key role in earnings outcomes.
Despite sectoral pressures, broader index resilience suggests continued support from global investor sentiment, with large-cap names across the FTSE 100 buoyed by recent earnings and macroeconomic updates.
