European markets have opened in positive territory today, paring some of previous sessions losses.

Closer home, data from the BRC indicated that the shop price index declined in December. Later today, investors will track reports on Eurozone consumer prices and unemployment along with US ADP employment and trade balance data for further direction. Moreover, the minutes of the US Federal Reserve’s latest monetary policy meeting will be keenly eyed for cues on when the Fed would start raising interest rates.

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