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Stock markets in motion: Euronav down 20%, Games Workshop down 5%

Shares of Euronav plunged more than 20% in early trade after Norwegian rival First line pulled out of a potential $4.2 billion merger with the Belgian oil shipping company.

UK war game maker Games Workshop fell 5.6% after its half-year earnings report.

-Elliot Smith

CNBC Pro: Platinum prices are skyrocketing. These buy-listed stocks with upside potential could be a way to cash in

Consumers see inflation, spending slide over next year, NY Fed survey finds

CNBC Pro: China’s reopening has Wall Street excited. Here’s how the pros play it

Beijing’s sudden and rapid dismantling of its strict Covid-19 controls after nearly three years has raised hopes that its struggling economy could pick up an equally rapid pace of recovery.

From hotels and airlines to “less obvious beneficiaries”, Wall Street analysts are naming their top Chinese and global stocks to play the reopening.

Pro subscribers can learn more here.

— Zavier Ong

European markets: here are the opening calls

European markets are heading for a lower open as investors brace for more inflation data later this week, with US consumer price data for December due on Thursday.

The United Kingdom FTSE100 the index is expected to open 49 points lower at 7,676, the German index DAX 95 points down at 14,698, France CAC down 52 points to 6,855 and Italy MIB FTSE down 204 points to 25,181, according to IG data.

Data released on Tuesday includes Dutch inflation figures for December and retail sales figures from the British Retail Consortium in the UK for December. Airbus will announce its annual commercial aircraft orders and deliveries.

—Holly Ellyatt

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