Activity in China's manufacturing sector likely expanded modestly in April for the second month in a row, a Reuters poll showed, adding to hopes that a prolonged downturn in the world's second-largest economy is easing. The official manufacturing Purchasing Managers' Index is expected to rise to 50.4 in April from 50.2 in March, according to a median forecast of 28 economists polled.
A fairly volatile start to the week in Europe could continue on Tuesday as we get a number of key data points from both the euro area and the UK, while trade is likely to remain light in the run up to the Easter Bank Holiday weekend.
Euro zone private business growth remained tepid last month but activity in China's services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy.
The March reading of PMI failed to rebound by as much was expected. The headline index of 46.3 was barely an improvement on the February reading of 45.8 remaining below the 50.0 line separating expansion from contraction.