European markets set to open lower as coronavirus crisis continues to weigh

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European markets set to open lower as coronavirus crisis continues to weigh
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European markets are expected to open lower on Monday amid ongoing concerns around the coronavirus outbreak in China.

Asian stocks declined on Monday as investors monitored the economic impact of China's coronavirus epidemic.

China released its January inflation data on Monday, with its producer price index up 0.1% and consumer prices rising 5.4% year-on-year. Consumer prices rose at their fastest pace since October 2011, according to Reuters.

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