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European markets close slightly lower as investors digest fresh economic data; German inflation falls

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European markets were slightly lower Friday as investors digest the latest slew of corporate earnings and look ahead to fresh economic data.

provisionally closed 0.08% lower, rounding off a second straight week of limited movements. Tech stocks were 1.2% higher, while food and beverage dropped 1.5%.German inflation fell in January to 3.1% in a buoying sign for Europe's largest economy, new data from the the federal statistical office showed Friday., Japan's Nikkei hit fresh 34-year highs on Friday, while most markets were either fully or partially closed for the Lunar New Year holiday.

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