Market focus is actually largely attuned to global trade developments, using a delegation of U.S. officials set to travel to China for the next round of negotiations This particular week.

The latest set of trade talks will take place in Beijing through Monday. in which comes after discussions in Washington last week concluded without a deal.

Both sides are trying to secure a comprehensive trade agreement ahead of a March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to improve to 25 percent through 10 percent.

Escalating tensions between the earth’s two largest economies have cost both countries billions of dollars as well as roiled global financial markets.

In Asia, Chinese shares whipsawed on Monday after they resumed trading following a week-long Lunar brand-new Year holiday. The blue-chip index rose 0.4 percent, though trading volumes were still anticipated to be light with Japan on a public holiday.

MSCI’s broadest-index of Asia-Pacific shares, excluding Japan, was around 0.1 percent lower.

Back in Europe, investors are likely to monitor a preliminary quarter-on-quarter estimate of U.K. GDP growth rate data at around 9:30 a.m. London time. The U.K. is actually also anticipated to Discharge annualized GDP data for December as well as the latest industrial production figures as well as trade balance data.