At 3:30 am ET Monday, Germany's flash PMI report for July is due. Economists forecast the factory PMI to drop to 59.2 in July from 59.6 in June. Meanwhile, the services index is expected to rise to 54.3 from 54.

Ahead of the data, the euro fell against its major rivals.

As of 3:25 am ET, the euro was trading at 0.8957 against the pound, 1.1027 against the Swiss franc, 1.1657 against the U.S. dollar and 129.19 against the yen.

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