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Standard & Poor's Ratings Services on Monday downgraded Russia's sovereign credit rating to below investment grade for the first time in more than a decade. S&P cut Russia's sovereign credit rating to "BB+" from "BBB-". The rating outlook is negative. Last month, S&P placed Russia on negative watch,...

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.

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.

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.

Bank of Japan Governor Haruhiko Kuroda on Friday welcomed the European Central Bank's quantiative easing announcement. In an interview to Bloomberg Television in Davos, Switzerland, Kuroda said there divergence in the policy stance of the US Federal Reserve and the ECB was not much of a concern....

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.

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.

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.

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 November.

NAHB-012015.jpg Homebuilder confidence in the U.S. has seen a modest deterioration in the month of January, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index edged down to 57 in January from an upwardly revised 58 in December.

Homebuilder confidence in the U.S. has seen a modest deterioration in the month of January, according to a report released by the National Association of Home Builders on Tuesday.

IMF-Outlook-012015.jpg The International Monetary Fund downgraded its global growth outlook as positive effects of lower oil prices and the depreciation of the euro and yen are more than offset by weakness in investment in many advanced and emerging market economies. In its World Economic Outlook Update released Tuesday, the Washington-based lender said the global economy is set to grow 3.5 percent this year.

The International Monetary Fund downgraded its global growth outlook as positive effects of lower oil prices and depreciation of euro and yen are more than offset by persistent negative forces. In its World Economic Outlook Update released Tuesday, the Washington-based lender said the global economy...

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