From Nasdaq:

European stocks are expected to open lower after China’s GDP growth of 5.2 percent in 2023 falls below expectations. Factory output is up but retail sales and investment growth is slowing. Speaking at the World Economic Forum in Davos, China’s premier emphasized Beijing’s commitment to global trade. Asian markets are lower, U.S. treasuries are steady and the dollar is stronger. Gold prices continue to decline while oil prices are lower amid broader market concerns. U.S. military actions in Yemen, Iran’s missile strikes, and weak U.S. stock performance are also factors affecting market sentiment.

In the U.S., Federal Reserve Governor Christopher Waller hinted at rate cuts depending on inflation and upcoming data. Manufacturing index data was down in January and U.S. stocks closed down. In Europe, ECB officials downplaying rate cuts and reports of mixed inflation in Germany and slow wage growth in the UK factored into overall market performance.



Read more: European Shares Set To Fall As China GDP Data Shows Patchy Recovery