Sunday, January 25, 2015

ECB makes bold move; existing-home sales disappoint; the week ahead …

European Central Bank President Mario Draghi said Thursday that the central bank plans to purchase more than $1 trillion in private and government bonds by the fall of 2016 to help stimulate the euro-zone economy.

Housing starts jumped 4.4% in December, but sales of previously owned homes failed to meet analysts’ expectations.

And leading economic indicators rose 0.5% in December — the 15th gain in 17 months.  

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