Investors assess the dismal Chinese growth figures and the bleak picture for the global economy.

As investors assess the dismal Chinese growth figures and the bleak picture for the global economy, European stock markets are anticipated to begin slightly lower on Tuesday.

European stocks have performed well so far this year as investors assumed that a halt in central banks' ostensibly unrelenting monetary tightening, and the Federal Reserve in particular, would result in a gentle landing this year.

Only a few points separate the UK's FTSE 100 from its all-time high.

While GDP in the last quarter of last year was steady on a quarter-to-quarter basis, growth for 2022 was estimated at 3.0%, much below the stated objective of about 5.5%.

Participants at the opening of the World Economic Forum's annual conference, which has returned to Davos after a three-year absence due to COVID, are feeling the strain of an impending global recession.

According to figures released on Tuesday, the unemployment rate in the United Kingdom stayed at 3.7% in November while the number of people filing claims increased by just under 20,000 in December as the job market in the nation remained mostly stable.

German inflation decreased by 0.8% month over month in December while increasing by 8.6% annually, down from 10.0% the previous month.

In corporate news, companies including consumer credit provider Experian and recruiter Hays are due to report profits, and chocolate manufacturer Lindt & Sprüngli reiterated its full-year expectations following strong overseas sales.

Tuesday's oil price trading was neutral as investors analysed the Chinese GDP figures and maintained their confidence that the country's fuel demand will increase this year.

In addition, traders will be watching for any changes in the Organization of Petroleum Exporting Countries' annual demand prediction when it issues its most recent research later in the afternoon.

(Investing.com, reuters.com)