CNBC Daily Open: Down to Davos

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 .

Asia markets dip
U.S. markets were closed Monday for Martin Luther King Day, but futures trading on Tuesday pointed to a softer start to the week as investors looked forward to more earnings from big Wall Street banks including Goldman Sachs and Morgan Stanley. Asia markets fell, led lower by declines in Hong Kong stocks, as Japan shares cooled off from their record-breaking rally.

ECB tug of war

European Central Bank policymaker and hawk Robert Holzmann said the ECB may not deliver any interest rate cuts this year. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, he said there's a possibility of zero rate cuts this year — it's not something markets were expecting. Still, Portugal's central bank governor Mario Centeno said the ECB is on the right track in its fight against inflation, and the medium term trajectory is "very positive right now."

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] Morgan