Economic data on Monday were mixed.
In the euro area, the economic sentiment indicator fell to 88.6 in April from 90.1 in March.
In Germany, prices fell 0.5 percent in April, pulling the inflation rate down to 1.1 percent, the lowest since August 2010, from 1.8 percent in March.
However, in the US, consumer spending grew 0.2 percent in March, as did personal income, while pending home sales jumped 1.5 percent last month after having fallen 1.0 in February.
Investors appear to be comfortable with the data. Stocks rose on Monday, with the S&P 500 climbing 0.7 percent to a record high and the STOXX Europe 600 gaining 0.5 percent. The euro strengthened 0.5 percent against the dollar.
In Italy, yields on 10-year bonds fell 15 basis points to 3.91 percent as the government sold 6 billion euros of five- and 10-year bonds at the lowest yield since 2010. This came after Italy's new prime minister Enrico Letta formed a new government over the weekend, ending a two-month political stalemate.