Eurozone inflation falls towards ECB target.

Eurozone annual inflation fell to a preliminary 2% in January from 2.2% in December, thereby edging closer to the ECB's target of just under 2%. Consensus was for 2.2%. Meanwhile, the unemployment rate in December stayed at a record high of 11.7%, although it was below consensus of 11.9%. The number of unemployed people was stable at 18.715M.