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Factory orders data from Germany is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to publish Germany's factory orders figures for June. Economists forecast orders to fall 0.1 percent on month, reversing a 2.6 percent rise in May.

At 3.00 am ET, industrial production and retail sales figures from the Czech Republic are due. Industrial output is forecast to rise 2 percent on year in June after climbing 1.4 percent in May. At the same time, retail sales growth is seen rising to 2.3 percent from 2.1 percent in May.

At 4.30 am ET, Eurozone Sentix investor confidence data is due. The investor sentiment index is seen rising to 14.0 in August from 12.1 in July.

At 5.45 am ET, Romania's central bank is set to announce its rate decision. The bank is widely expected to raise its key rate to 2.75 percent from 2.50 percent.