From Eurozone, yesterday, Industrial Production data was released. In November 2015 compared with October 2015, seasonally adjusted industrial production fell by 0.7% in the euro area (EA19) and by 0.6% in the EU28, according to estimates from Eurostat. Analysts were forecasting 0.2% decrease. The decrease of 0.7% in industrial production in the euro area in November 2015, compared with October 2015, is due to production of energy falling by 4.3%, capital goods by 1.9% and durable consumer goods by 1.0%, while production of non-durable consumer goods rose by 0.1% and intermediate goods by 0.7%.
In the US session Crude Oil Inventories figures were published. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.2 million barrels from the previous week. Analysts were anticipating increase by 1.9 billion barrels. At 482.6 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years. Total motor gasoline inventories increased by 8.4 million barrels last week, and are above the upper limit of the average range.
There will be no major data releases from Eurozone tomorrow, so we can expect steadier morning part of the session. In the US session Unemployment Claims figures are scheduled for a release. Analysts are anticipating decrease to 275,000.
