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The EIA report released on Wednesday showed that U.S. crude inventories unexpectedly dropped the previous week.U.S. crude stockpiles slipped by 5.1 million barrels last week, following a rise by 2.6 million barrels a week earlier. Analysts had called for a rise by 0.7 million barrels.Crude oil futures for February delivery is currently trading lower around $34.65 a barrel after hitting a session’s low of $34.48.Brent crude is trading lower around $34.80, after hitting a low of $34.55.
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Euro area CPI flash estimate stood at 0.2 percent in the year through December, after an upside revision in November’s reading from 0.1 percent. Analysts had predicted an acceleration to 0.4 percent.
The annual core reading registered 0.9 percent, in line with the previous reading, lower than forecasts of 1.0 percent. euro trade now around 1.0760 .
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today chinese markets lower very strongly in the morning , Trading was halted in the Chinese stock market on Monday after a 7 percent tumble in a key stocks index.
The blue-chip CSI 300 Index sagged 7%, prompting regulators to halt trading to avoid higher volatility.
The Shanghai Composite Index dropped 6.9 percent to 3,296.26, while the Hang Seng index lost 2.7 percent to 21,327.12.
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الترجمة الى الانجليزية اظهار الاصلي
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