European markets have opened mostly higher today. However, concerns over Greece’s debt situation persist as the country’s new government and Eurozone officials failed to yield a solution for its soon-to-end bailout programme.

Closer home, data from RICS indicated that house prices in the UK rose in January at their slowest annual pace since May 2013. Later today, traders will keep a tab on the Bank of England’s quarterly inflation report along with Eurozone industrial production and US retail sales and weekly jobless claims data for further direction.

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