European stocks set for muted open as coronavirus spreads

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European stocks are set to open mixed on Friday, as investors monitor the latest developments in the coronavirus outbreak.

Britain's FTSE 100 is seen falling 5 points to 7,439, Germany's DAX down 20 points at 13,686 and France's CAC off by 13 points at 6,068, according to IG index data.number of cases and deaths grew

Meanwhile, China's commerce ministry said it expected the growth rate of January/February imports and exports to fall sharply due to blockages in logistics, delays in the resumption of work and other factors such as the Lunar New Year. Back in Europe, leaders of the 27 EU member states failed to make any headway in budget talks on Thursday. The U.K.'s departure from the bloc last month is projected to leave a £55 billion hole in the EU's coffers over the next seven years.

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