European stock exchanges, orphaned by Wall Street closed for Martin Luther King Day, closed the session lower with investors seeing a more uncertain mood on the rate cut. Bundesbank president and ECB member Joachim Nagel said it was too early for a "rate cut". Markets are also weighed down by Germany's recession and geopolitical tensions with the attacks in Yemen.
Paris (-0.72%), Frankfurt (-0.49%) and London (-0.39%) closed negatively.
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