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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

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

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

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

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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Yen Rises Amid Risk Aversion

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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Yen Rises Against Majors

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 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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