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EU stock futures fall, PMI data to guide markets.

It is anticipated that European stock markets will commence lower on Tuesday, in anticipation of the release of key economic activity data for the region, which is expected to offer investors guidance.

At 02:00 ET (07:00 GMT), the DAX futures contract in Germany was trading 0.2% lower, CAC 40 futures in France were down 0.1%, while the FTSE 100 futures contract in the U.K. dropped 0.2%. The primary focus of this session will be on the flash PMI data from the Eurozone and the U.K., which will provide investors with insight into the current direction of economic trends in the manufacturing and service sectors.

Analysts at Bank of America predict a sharp loss in growth momentum in the coming months, and there is also market caution due to Russian President Vladimir Putin's speech, as the invasion of Ukraine enters its second year. In the corporate sector, HSBC (LON:HSBA) will be in the spotlight, reporting a significant jump in its fourth-quarter profit earlier on Tuesday, while also offering a special dividend on the sale of its Canadian business. BHP (LON:BHPB) recorded a sharp decline in its half-year profit, but the Anglo-Australian miner expressed confidence over the coming months, hoping for a rebound in demand from China. Meanwhile, oil prices fell, impacted by strength in the U.S. dollar as traders prepare for more economic clues towards the path of U.S. monetary policy. Additionally, gold futures fell 0.2% to $1,846.15/oz, while EUR/USD traded 0.1% lower at 1.0671. The minutes of the Federal Reserve's February meeting, due on Wednesday, as well as a number of Fed speakers, will be under the market's attention this week.


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