European markets set for lackluster open with earnings and data in focus

were flat in overnight premarket deals as investors assessed a jump in yields, with inflation concerns continuing to weigh on global markets. Significant corporate earnings and economic data releases are expected later in the day.

Back in Europe, tensions are escalating over Russia's alleged build-up of troops at the Ukrainian border, with NATO warning that it would be prepared to defend the sovereignty of Ukraine.with Poland, Latvia and Lithuania has landed Minsk in the crosshairs of the European Union, with foreign ministers discussing a fresh round of sanctions against President Alexander Lukashenko and other entities.

On the data front, U.K. employment and wage figures for September are due before the opening bell on Tuesday. Euro zone third-quarter employment and GDP readings will be published mid-morning.and other cryptocurrencies fell sharply on Tuesday, retreating from near record highs.

Inflation up, GDP flat, margins squeezed. Shocking, I know.

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