Monday, Eurozone external trade data and construction output report for January are due. Hungary's central bank is set to announce its monetary policy decision.

At 4.00am ET, the Czech statistical office is set to release construction and industrial output data for January. Economists forecast a year-on-year decline of 18% in industrial production.

At 4.30am ET, Denmark's statistical office is expected to reveal results of the consumer sentiment survey. The consumer confidence indicator is forecast to rise to minus 9 from minus 11.3 recorded in the previous month.

Thereafter, Iceland's statistical office is due to release wage index report for February at 5.00am ET.

Further, Eurostat is slated to publish Eurozone trade balance data for January at 6.00am ET. Economists forecast the not seasonally adjusted trade deficit to widen to EUR 9 billion from EUR 0.7 billion shortfall recorded in the previous month. The seasonally adjusted trade deficit is expected to be at EUR 1.9 billion, expanding from EUR 0.3 billion deficit in December.

At the same time, Eurostat will unveil construction output data for January.

At 9.00am ET, Hungary's central bank is set to announce its monetary policy decision on interest rates. Economists are expecting the Magyar Nemzeti Bank to hold the rate at 9.5%.

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