European markets set to rebound at the open following negative start to 2024

European markets are expected to open higher after a slow start to the trading year. Investors are looking to US inflation data and bank earnings for insights into the economy and Federal Reserve rate cuts. The consumer price index for December will be released on Thursday, with the producer price index following on Friday. US stock futures were slightly lower after a positive start to the week, while Asia-Pacific markets rebounded from a previous sell-off. German industrial output data for November is also set to be released.