Monday, major reports due for the day are Germany's GfK consumer confidence and import prices.

At 2.00am ET, German foreign trade prices and GfK consumer confidence reports are expected. German import prices are forecast to fall 6.5% annually in March compared to a 6.4% decline in February. Month-on-month, economists predict 0.1% drop.

Meanwhile, the German GfK consumer confidence is seen at 2.3 points for May, slightly down from 2.4 in April.

In the meantime, the Finnish April consumer confidence survey data is due from the Statistics Finland. In March, consumer confidence had increased to minus 1.5 from minus 3.9 in the prior month.

At 3.00am ET, the Czech Statistical Office is slated to issue business cycle survey for April. In March, business confidence and consumer confidence stood at 74.7 and 77.9, respectively.

Half an hour later, the Italian research institute ISAE is set to release consumer confidence survey results. Consumer confidence is forecast to stay stable at 99.8 in April. Meanwhile, the Swedish trade balance is also due.

At 4.30am ET, the British Bankers' Association is scheduled to publish the details of house purchase loans approved in March. In February, 28,179 loans were approved in the UK.

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