European markets have opened lower today, as investors preferred to book profits following a week-long rally and ahead of earnings release from several big European companies.

Earlier today, the Royal Institution of Chartered Surveyors (RICS) revealed that the house price balance index in the UK eased to 53 in January from 56 in December. Later today, investors would keep a close eye on the European Central Bank (ECB) monthly report and US retail sales data to gauge market sentiment.

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