Money Minute Wednesday 25 September: UK mortgage approvals
In Wednesday's Money Minute, we look at official data on mortgage approvals from the Bank of England.
This morning, in the UK, we get official data on mortgage approvals from the Bank of England.
The approvals data gives an idea of activity in the housing market. In July, just over 67,000 mortgages were approved - a two-year high.Approvals don't necessarily feed directly through to house prices. But generally if activity is picking up, it would tend to point to prices at least being reasonably stable.
Cruise operator Carnival reports its third-quarter results later in the day.The company has had to contend with rising fuel costs, and also an active hurricane season in the US.Investors will have a close eye on the outlook, particularly in light of the recent spike in oil prices.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Other companies in the news today include online retailer Boohoo, which reports its half-year results.Expectations are high - in a trading update earlier this month, the group told investors that sales were beating forecasts.
International consumer goods group PZ Cussons also issues a trading update today.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Singapore Technologies Engineering shows strong growth
Singapore Technologies Engineering offers diversification, improving profitability and income
By Dr Mike Tubbs Published
-
Baillie Gifford trusts gain from SpaceX valuation
Baillie Gifford's funds have gained from Elon Musk’s relationship with US president-elect Donald Trump. Are private investments really a safe bet?
By Rupert Hargreaves Published