UK mortgage market faces ‘significant stress’ – Morgan Stanley
Britain’s mortgage market faces significant stress as households struggle to meet the surging cost of home loans, investment bank Morgan Stanley said in a research note on Monday.
GLOBAL ECONOMY Factories squeezed by higher prices, weak demand
Factories across Asia and Europe struggled for momentum in July as flagging global demand and China’s strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession.
