Federal Reserve's Barkin said low unemployment is a key factor supporting consumption.

Euro-area government bond yields opened slightly lower on Monday but remain fragile as crude prices stay elevated and sovereign supply ramps up this week. Belgium auctions on Monday; Netherlands and Italy on Tuesday; Germany on Wednesday; Spain and France on Thursday. Elevated oil raises the odds of further ECB rate hikes. Deutsche Bank rates strategist Rainer Guntmann said the oil rebound, ECB President LAGARDE’s remarks, this week’s economic data and heavy issuance could amplify market unease.

UK counterterrorism police said five men were released on bail today in connection with the Fairford incident, but stressed the investigation remains ongoing.