United States EIA Crude Oil Stocks change below forecasts (0.714M) in May 6: Actual (-3.41M)

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May 11, 2016

US stocks open lower on disappointing earnings and drop in crude oil prices

Major US equity indices opened lower on Wednesday as disappointing earnings and a minor weakness in crude oil prices weighed on investor sentiment.

USD/JPY hits fresh daily lows as sentiment deteriorates

USD/JPY fell briefly below 108.50 and posted fresh daily lows as the dollar weakened across the board while the yen benefitted from worsened market sentiment.