European markets set for lower open as sentiment struggles

European stocks are set to open lower on Tuesday as global market sentiment remains weak. Asian markets also declined as investors analyzed the Chinese central bank’s decisions on lending rates. In the U.S., S&P 500 futures showed little change after the market experienced its first weekly loss in over a month. This follows economic data that raised concerns about the U.S. Federal Reserve’s anticipated interest rate cuts. U.S. markets were closed on Monday in observance of the Presidents Day holiday.