Lloyds swings to first-half profit, markets await US GDP data – business live

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Asian markets bounce back as China tries to calm investor nerves and US Federal Reserve leaves policy unchanged

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Lloyds Banking Group has swung to a first-half profit and reintroduced dividend payouts to shareholders, boosted by a buoyant housing market and recovering economy. The bank posted a pre-tax profit of £3.9bn for the six months to June, beating analysts’ expectations of £3.1bn.

 

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