At 3.45 am ET Monday, Italy's services PMI is due. Thereafter, final PMI figures from France and Germany are due at 3:50 am ET and 3:55 am ET, respectively. At 4.00 am ET, IHS Markit publishes Eurozone composite PMI data.

Ahead of the data, the euro dropped against its major rivals. The euro was worth 1.2457 against the greenback, 136.82 against the yen, 1.1575 against the franc and 0.8817 against the pound as of 3:40 am ET.

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