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UK Mortgage Approvals At 8-Month Low
The UK mortgage approvals declined to an eight-month low in September as rising interest rates damped housing market activity, data from the Bank of England showed Monday. Furthermore, data on credit to businesses and consumers suggested that the economy is heading into a mild recession. Net mortgage approvals for house purchases fell to 43,300 in September from 45,400 in August.
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Pound Climbs Amid Risk Appetite
The pound strengthened against its major counterparts in the European session on Monday, as European stocks advanced ahead of a busy week of earnings, economic data releases and central bank meetings.
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Bay Street Looks Headed For Positive Start
Higher Canadian and U.S. futures, and firm European markets indicate a positive start for Canadian shares Monday morning. Worries about Middle East tensions and weak crude oil prices may weigh a bit on the market.
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German GDP Falls Less Than Expected In Q3
Despite rising interest rates weighing on private consumption, Germany's economy shrank less than expected in the third quarter, underpinned by investment, preliminary estimates from Destatis showed Monday. Gross domestic product fell 0.1 percent sequentially, offsetting an upwardly revised 0.1 percent rise a quarter ago. The pace of contraction was slower than the expected 0.3 percent decline.
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Sensex, Nifty End Higher On European Cues
Indian shares ended Monday's session modestly higher as Middle East tensions eased, and oil prices retreated after rallying around 3 percent on Friday on supply concerns.
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European Shares Gain Ahead Of Central Bank Meetings
European stocks advanced on Monday ahead of a busy week of earnings, economic data releases and central bank meetings.
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FTSE 100 Gains As Investors Look To BoE
U.K. stocks opened the week on a positive note ahead of a busy week of central bank meetings.
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CAC 40 Inches Higher As Middle East Worries Ease
French stocks rose on Monday as Middle East tensions eased, and investors looked ahead to a busy week of earnings, economic data and central bank decisions.
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DAX Gains Ahead Of Busy Week For Global Central Banks
German stocks traded higher on Monday ahead of a busy week of earnings, economic data releases and central bank meetings.
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Yen Rises Amid Risk Aversion
The Japanese yen strengthened against other major currencies in the early European session on Monday amid risk aversion, as investors turn cautious ahead of a busy week of central bank meetings in the United States, Britain and Japan.
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Asian Shares Mixed Ahead Of Fed, BoE And BoJ Meetings
Asian stocks ended mixed on Monday as the conflict in the Middle East continued, and investors looked for cues from a slew of central bank meetings due this week.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the early European session on Monday.
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European Shares Seen Tad Lower At Open
European stocks may open on a cautious note Monday ahead of a busy week of central bank meetings in the United States, Britain and Japan.
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