- S&P says there's a 50-50 chance of the U.S. credit rating being downgraded.
- Brazil's raised rates, the 5th consecutive increase, from 12.25 to 12.5%
- YoY Japans exports fell 1.6 % in June.
- U.S. homes sales unexpectedly fell 0.8 % in June to a seven-month low.
- Bloomberg: The U.S. Treasury Department is exploring a plan that could help 1 million or more homeowners avoid foreclosure, according to housing market executives.
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