UK Mortgage Approvals (Jan) 60.00K vs. Exp. 62K (Prev. 61.01K)
UK mortgage approvals for January came in at 60,000, slightly below the expected 62,000 and down from the previous 61,010.
[MARKET ANALYSIS] Global equities hit on risk tone, energy and defence names benefiting while airlines majorly affected
European Commission sees no immediate impact on oil security from the Middle East developments, according to a Commission email; considering convening ad-hoc meeting of oil coordination group later this week
UK Mortgage Approvals (Jan) 60.00K vs. Exp. 62K (Prev. 61.01K)
Israel is expected to gradually re-open its airspace, starting the evening of March 2nd
Qatar Foreign Ministry Spokesperson says Iran has to pay the price for its blatant attack on our people
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This miss against expectations may signal a cooling housing market, suggesting potential implications for consumer spending and economic activity. Weak demand for mortgages could reinforce a cautious outlook on the UK economy, particularly as interest rates remain a focal point for policymakers.
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