European shares experienced a slight decline as traders decided to scale back their expectations for a rate cut. This cautious approach comes amidst ongoing uncertainty surrounding global economic growth and the potential impact of the coronavirus outbreak.
Investors were eagerly awaiting the European Central Bank's (ECB) monetary policy meeting, where there were expectations that the central bank might announce further stimulus measures. However, as the meeting approached, traders began to revise their forecasts for a rate cut, leading to a modest dip in European stocks.
