European markets head for lower open, shrugging off positive PMI data

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European markets head for lower open, shrugging off positive PMI data
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European markets are heading for a negative open on Wednesday despite positive data out of the eurozone yesterday.

European markets are heading for a negative open on Wednesday, continuing a negative trend seen at the end of Tuesday's trading session, despite data out of the eurozone showing an uptick in business activity in the region's services and manufacturing sectors.

On Wednesday, investors will be looking out for the latest Ifo business climate survey data out of Germany for January to get another gauge of economic sentiment in Europe's largest economy.RheinmetallThe CEO told Stern magazine he expects sales to grow to between 11 billion euros and 12 billion euros in 2025, up from between 10 billion euros to 11 billion euros in November.

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