European markets pull back as investors watch economic data, earnings

European markets set to pull back as investors watch economic data, earnings

a percentage point as expected, but dropped the word "forcefully" from its language on future hiking, signaling that the end of monetary policy tightening could be near. The Bank also forecast a "much shallower" decline in output than previously projected.raised its benchmark rate by a quarter percentage point but gave little indication of an imminent end to its hiking cycle.

Investors in Europe will be monitoring more corporate earnings releases on Friday, along with final January PMI readings and December producer price figures from the euro zone.

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