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Australian lender CBA's record profit clouded by 15% mortgage application slump

Australian lender CBA's record profit clouded by 15% mortgage application slump

By Scott Murdoch and Christine Chen SYDNEY, Aug 12 (Reuters) - Commonwealth Bank of Australia said mortgage applications had dropped 15% since property tax changes in May, one of several challenges facing the country's largest lender even as it posted a record A$10.98 billion ($7.75 billion) full-
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Australia's CBA posts record cash earnings, but flags cooling mortgage demand

Australia's CBA posts record cash earnings, but flags cooling mortgage demand

Aug 12 (Reuters) - Commonwealth Bank of Australia posted record full-year cash earnings that topped market expectations on Thursday, driven by robust lending volumes, but flagged a steep decline in mortgage demand since the government's tax changes in May.
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European stocks steady as investors weigh Hormuz risks, data calendar

European stocks steady as investors weigh Hormuz risks, data calendar

Aug 10 (Reuters) - European shares were little changed on Monday as uncertainty over the reopening of the Strait of Hormuz kept oil prices elevated, while investors looked ahead to a packed week of economic data. The pan-European STOXX 600 held its ground at 660.12 points, as of 0715 GMT.
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Wall Street eases as hopes for imminent Hormuz deal fade; Intel drops

Wall Street eases as hopes for imminent Hormuz deal fade; Intel drops

By Caroline Valetkevitch and Avinash P Aug 10 (Reuters) - U.S. stocks edged lower in afternoon trading on Monday as hopes for an imminent deal to reopen the Strait of Hormuz faded and as Intel shares fell. U.S.
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Wall St futures edge up as Hormuz progress weighs down oil prices

Wall St futures edge up as Hormuz progress weighs down oil prices

By Avinash P and Purvi Agarwal Aug 11 (Reuters) - U.S. stock index futures inched up on Tuesday as signs of progress toward reopening the Strait of Hormuz weighed on oil prices, though the inflation outlook remained uncertain.
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S&P 500 muted as industrials counter tech drag; US-Iran peace prospects rise

S&P 500 muted as industrials counter tech drag; US-Iran peace prospects rise

By Avinash P and Purvi Agarwal Aug 11 (Reuters) - The S&P 500 and Nasdaq slipped in choppy trading on Tuesday, weighed down by heavyweight tech stocks, as investors assessed a report suggesting the United States and Iran were close to "some sort of an arrangement".
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Wall St futures muted as US-Iran impasse lifts oil prices

Wall St futures muted as US-Iran impasse lifts oil prices

Aug 11 (Reuters) - U.S. stock index futures were subdued on Tuesday as a deadlock in U.S.-Iran talks pushed up oil prices and discouraged investors from taking risks while the inflation outlook remained uncertain.
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European shares edge higher as energy stocks climb on elevated oil prices

European shares edge higher as energy stocks climb on elevated oil prices

Aug 11 (Reuters) - European shares edged higher on Tuesday, lifted by energy stocks as Middle East uncertainty kept oil prices elevated, while investors awaited a slate of economic data later this week for fresh clues on growth, inflation and the path of interest rates.
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Global stocks tick up with oil steady on Hormuz plans

Global stocks tick up with oil steady on Hormuz plans

By Wayne Cole and Harry Robertson SYDNEY/LONDON, Aug 10 (Reuters) - Global equities inched higher on Monday as oil prices held broadly steady after Iran said it was nearing a final pact with Oman defining new shipping lanes in the Strait of Hormuz, and as markets awaited key U.S. inflation data on
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S&P 500, Nasdaq futures tick higher with Hormuz outlook in focus

S&P 500, Nasdaq futures tick higher with Hormuz outlook in focus

Aug 10 (Reuters) - S&P 500 and Nasdaq futures inched higher on Monday as investors weighed developments in the Middle East that could influence the reopening of the Strait of Hormuz, kicking off the week laden with crucial inflation data and earnings.
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Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks

Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks

By Scott Murdoch and Rajasik Mukherjee SYDNEY, Aug 10 (Reuters) - Australia's second-largest lender Westpac Banking Corp reported a 20% fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor government's tax changes weigh on property demand.
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Westpac reports 20% drop in mortgage applications after Australia's tax changes

Westpac reports 20% drop in mortgage applications after Australia's tax changes

By Scott Murdoch and Rajasik Mukherjee SYDNEY, Aug 10 (Reuters) - Australia's second-largest lender Westpac Banking Corp reported a 20% fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor government's tax changes weigh on property demand.