Euro-area inflation in December fell to 2.0% year on year, matching economist forecasts and down from 2.1% in November. Core inflation softened to 2.3% year over year from 2.4%. The odds of an ECB rate cut in February are slim. Services inflation remains the key driver at around 3.4% in December, while energy prices fell. Overall inflation increased by 0.2% month over month. German inflation slowed sharply to 2.0%, with varying rates across the eurozone. French inflation fell to 0.7%, Italy and Spain saw rates of 1.2% and 3.0%, respectively, and Dutch inflation stood at 2.5%.

Read more at Morningstar: Eurozone Inflation Falls to 2% in December, in Line with ECB Target