European markets had a solid start to the week as investors assessed the economic outlook and the potential for further monetary policy tightening from the U.S. Federal Reserve.
The pan-European Stoxx 600 index closed 0.9% higher provisionally, with most sectors and major bourses finishing in positive territory. Household goods led gains with a 2% increase, while oil and gas stocks slipped 0.2%.
U.S. consumer price index data released Tuesday will determine the Federal Reserve's path, while a raft of economic data is expected from across Europe and Japan.
European markets
The Stoxx 600 index finished trading down 1% Friday after U.K. preliminary fourth-quarter gross domestic product figures showed the economy narrowly avoided recession, in line with consensus forecasts.
U.S. stocks were also up in morning trade, led by tech, as traders tried to regain their footing following the S&P 500′s and Nasdaq Composite's worst weekly performances in nearly two months.
However Asia-Pacific stocks closed down as investors looked ahead to a week of crucial economic data releases.