- Eurozone economic confidence rises
- UN dubs Crimea referendum as illegal
- German inflation figures out later
- US consumer confidence data to be released
FTSE 100: 0.01%
CAC 40: 0.30%
FTSE MIB: 1.19%
IBEX 35: 0.94%
Stoxx 600: 0.38%
European stocks rallied after a report showed Eurozone economic confidence rose more than forecast.
The sentiment index increased to 102.4 in March from 101.2 a month earlier, beating market expectations of 101.4, the European Commission revealed today.
It marked the strongest monthly gain in nearly five years and comes as a welcome surprise ahead of the European Central Bank's (ECB) policy meeting next week.
The central bank has been under pressure to take greater measures to tackle a stagnant recovery amid falling consumer prices and high unemployment.
Capital Economics said the recent report on Eurozone confidence, suggested that businesses and consumers had shrugged off the recent tensions in Crimea.
The United Nations has declared a Moscow-backed referendum, which led to Russia's annexation of Crimea from Ukraine, as illegal.
Ongoing tensions between the West, Russia and Ukraine have raised concerns for businesses with exposure to the turmoil.
Last week the US and European Union imposed travel bans and asset freezes on those responsible for the destabilisation in Ukraine. US President Barack Obama has warned Russia that it could face further sanctions if it continued to cause problems for its neighbour nation.
German inflation, US consumer confidence
German inflation figures, to be released at 13:00 GMT, are expected to show consumer prices in Europe's biggest economy rose by 1.1% year-on-year in March.
In the US, the University of Michigan will unveil its consumer confidence index which is tipped to edge up to 80.5 in March from 79.9 a month ago.
Also in the US, investors will be watching for data on personal spending and income.
Insurers fall on FCA probe
Resolution and Aviva led insurers lower following reports UK regulator the Financial Conduct Authority said it plans to conduct an investigation in whether charges levied on life-insurance policies were unfair on customers.
A gauge of copper miners rose, including Aurubis and Glencore Xstrata, as the price of the metal rose on hopes China will introduce new stimulus measures.
Intesa Sanpaolo advanced as Italy's second-biggest bank forecast dividend payouts of €1bn this year and €2bn next year.
Pirelli & C. SpA gained after the Italian tyre maker reported 2013 earnings which beat analysts' estimates.
Deutsche Wohnen climbed after the German residential landlord said annual profit jumped 68%.
The euro fell 0.06% to $1.3732.
Brent crude futures rose $0.213 to $108.060 per barrel, according to the ICE.