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bank-of-japan1_25Jan15.jpg Majority of Bank of Japan's policymakers said that the drop in oil prices will affect the economy and inflation positively in the long-term, though it is expected to weigh on inflation in the short-term, the minutes of the meeting held on December 18 and 19 showed Monday. However, one member said that the primary focus should be on the underlying trend in prices when considering the future conduct of monetary policy.

EURUSD2-012415.jpg The dollar is turning in a mixed performance at the end of the trading week. The U.S. currency is extending its gains against the Euro following the massive stimulus package announced by the European Central Bank yesterday. However, the buck is little changed against the pound sterling and is down against...

LeadimgIndex-012315.jpg Reflecting positive contributions from a majority of components, the Conference Board released a report on Friday showing that its index of leading U.S. economic indicators rose by slightly more than anticipated in the month of December.

ExistingHomeSales-012315.jpg Existing home sales in the U.S. rose roughly in line with economist estimates in the month of December, according to a report released by the National Association of Realtors on Friday, with sales rebounding from the steep drop seen in November.

UKretailsales-012315.jpg British retail sales logged an unexpected growth in December, driven by food sales, while economists were looking for a decline after a rebound in November on Black Friday sales. The volume of retail sales, including automotive fuel, increased 0.4 percent month-over-month in December, but the growth was slower than the 1.6 percent rise in November.

Eurozonepmi-012315.jpg Eurozone private sector grew at the fastest pace in five months in January, suggesting that lower oil prices and weaker euro supported the recovery in the region. Germany experienced an upturn at the start of the year, while France fared particularly bad again. The strongest upturn was seen outside of France and Germany.

china1-230913.jpg China's manufacturing sector contracted barely in January, the latest survey from HSBC Bank showed on Friday with a PMI score of 49.8. That beat forecasts for 49.5 and was up from 49.6 in December - although it remains below the boom-or-bust line of 50 that separates expansion from contraction.

KoreanBank-04082010.jpg South Korea's gross domestic product gained only a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2014, the Bank of Korea said in Friday's preliminary reading. That was in line with expectations, but it slows from the 0.9 percent gain in the third quarter. It also marks the slowest...

EURUSD2-012215.jpg The dollar has surged to an 11-year high against the Euro on Thursday, after the European Central Bank announced a massive stimulus package at its monetary policy meeting. The U.S. currency is also up sharply against the British pound, but is nearly flat in comparison to the Japanese Yen. ECB President...

Draghi-ECB-112215.jpg European Central Bank President Mario Draghi unleashed a massive quantitative easing programme on Thursday, the size of which exceeded market expectations, determined to combat the threat of deflation and revive the euro area economy. The widely expected quantitative easing measure was described by Draghi as "an expanded asset purchase programme".

JoblessClaims-012215.jpg While the Labor Department released a report on Thursday showing a modest drop in first-time claims for U.S. unemployment benefits in the week ended January 17th, initial jobless claims still came in above economist estimates.

ECBrate-012215.jpg The European Central Bank maintained status quo on interest rates for a fourth consecutive month and said it is going to announce more policy measures shortly as markets hold breath to know the details of the widely expected massive quantitative easing plan. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent on Thursday.

EURUSD-012115.jpg The dollar is bouncing back from early weakness against the Euro Wednesday afternoon, ahead of Thursday's European Central Bank meeting. The ECB is widely expected to unveil a quantitative easing plan at the meeting. The central bank is said to be considering 50 billion Euros a month in bond purchases. Speculation...

ECB-012115.jpg The European Central Bank is widely expected to unveil a massive QE plan on Thursday, but confusion remain as to the size of the much anticipated stimulus aimed to avert the threat of deflation and revive the euro area economy. The QE, initially seen to be around EUR 500-550 billion, could include buying government bonds despite strong criticism from Germany. Recent rumors in the press suggest the central bank may exceed expectations and announce a package in excess of EUR 1 trillion.

HousingStarts-012115.jpg New residential construction in the U.S. saw a significant increase in the month of December, according to a report released by the Commerce Department on Wednesday, with housing starts nearly offsetting the drop seen in the previous month.

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