At 2.00 am ET, the European Automobile Manufacturers' Association, or ACEA is scheduled to issue Europe's new car registration data for January. Registrations were down 6.4 percent in December.
At 3.00 am ET, the Czech Statistical Office is scheduled to issue consumer price figures for January. Annual inflation is forecast to rise to 3.2 percent from 2.4 percent in December. In the meantime, Turkey's consumer confidence and Spain's final GDP reports are due.
Half an hour later, Sweden's central bank is set to announce its interest rate decision. Riksbank is expected to cut its repo rate to 1.5 percent from 1.75 percent. At the same time, Sweden's inflation figures are also due. Annual inflation is forecast to remain at 2.3 percent in January.
The European Central Bank is slated to publish monthly bulletin at 4.00 am ET. Last week, the central bank maintained its record low 1.00 percent interest rate for the second month in a row.
In the meantime, Italy's trade and Norway's GDP figures are due. Mainland Norway is forecast to grow 0.5 percent sequentially in the fourth quarter after rising 1 percent in the third quarter.
The Spanish government plans to raise as much as EUR 4 billion in securities maturing in January and July 2015 and October 2019.
The French government plans to raise a maximum of EUR 8.5 billion in 2-year, 3-year and 5-year bonds. It will also auction index-linked bonds to raise EUR 1.8 billion. The results of the auction are due at 4.50 am ET.
Moody's on Monday downgraded the rating of Spain and five other Eurozone countries, citing the uncertainty over the euro area's prospects for institutional reform. Moreover, the agency lowered the outlook on the triple-A ratings of France to 'negative'.
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