CNBC Daily Open: A look across the Atlantic

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

European markets dip
European stocks started the week on softer footing as the World Economic Forum in Davos, Switzerland kicked off Monday. Investors also digested data which showed the region's largest economy, Germany, shrinking 0.3% in 2023. U.S. markets were closed Monday for Martin Luther King Day.

ECB could defy markets
European Central Bank policymaker and hawk Robert Holzmann said the ECB may not deliver any interest rate cuts this year. Holzmann told CNBC at the World Economic Forum in Davos, Switzerland, that he sees a possibility of zero rate cuts this year, defying market expectations.

China needs fixing
Kristalina Georgieva, managing director of the International Monetary Fund, warned China needs significant and structural reforms in order to avoid any large slowdown in growth. Georgieva told CNBC on the sidelines of Davos that the world's second-largest economy is facing both short-term and long-term challenges.

AI out for your jobs
Almost 40% of jobs globally could be taken over by the rise of artificial intelligence, according to the International Monetary Fund. And it could also affect high-income countries more than low-income economies, the IMF warned, noting that AI could worsen inequality as well.

[PRO] Markets only care about rate cuts
Markets are now more hopeful than ever of interest rate cuts by the Federal Reserve, especially after Friday's negative producer price index for December. But the so-called sticky inflation, that encompasses a variety of things including housing