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UK Mortgage Approvals At 25-Month High

UK mortgage approvals increased to the highest level in more than two years in September suggesting renewed confidence in the housing market, official data revealed Tuesday. Mortgage approvals for house purchases, an indicator of future borrowing, rose by 700 to 65,600 in September, the Bank of England reported. This was the highest since August 2022.
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Bay Street Seen Opening Higher On Firm Commodities

Bay Street Seen Opening Higher On Firm Commodities

Canadian shares are likely to open on a positive note Tuesday morning, tracking higher crude oil and metal prices. Investors will also be reacting to earnings news from a slew of top name U.S. companies, including Alphabet.
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German Consumer Confidence Improves Despite Deteriorating Economic Expectations

German Consumer Confidence Improves Despite Deteriorating Economic Expectations

Consumer sentiment in Germany is set to rebound in November to its highest level in over two-and-a-half-years as both income expectations and the willingness to buy showed back-to-back improvements though economic expectations continued to weaken, the closely watched survey showed on Tuesday. The forward-looking consumer sentiment index rose to -18.3 in November from -21.0 in October.
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Starbucks Threatens To Fire Staff If Not Returning To Office

Starbucks Threatens To Fire Staff If Not Returning To Office

Coffee giant Starbucks Corp. has warned to fire corporate staff if they don't adhere to the policy of return to office three days a week, Bloomberg reported, citing an email. The company plans to launch a standardized process in January to hold employees accountable, if they don't obey the return-to-office policy, and the consequences could include, up to, and including, separation.
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CAC 40 Rises Ahead Of Alphabet's Earnings

CAC 40 Rises Ahead Of Alphabet's Earnings

French stocks traded higher on Tuesday as investors looked ahead to a slew of U.S. economic data as well as tech megacap earnings this week for directional cues.
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DAX Gains As Consumer Sentiment Improves

DAX Gains As Consumer Sentiment Improves

German stocks eked out modest gains on Tuesday after a survey showed Germany's consumer confidence is set to recover more strongly in November to hit a more than two-and-a-half-year high.
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Asian Shares Mostly Higher; China Markets Fall

Asian Shares Mostly Higher; China Markets Fall

Asian stocks ended mixed on Tuesday and the dollar index held steady as investors looked ahead to a slew of U.S. economic data as well as tech megacap earnings for directional cues.
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Commodity Currencies Fall As Oil Prices Slide

Commodity Currencies Fall As Oil Prices Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as crude oil prices fell amid rising geopolitical tensions in the Middle East.
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