There's little on the calendar in Europe to distract from Trump's post, barring some central bank speakers from around the region. Bank of England chief economist Huw Pill is due at the House of Lords to take questions on Britain's economic health, or lack of it.

At a conference in Paris, corporate chiefs, finance ministers and top politicians called for a “Europe First” policy to counter Donald Trump’s protectionist agenda.

European countries could be among those hardest hit if Trump follows through on tariffs. The European Union says it wants to negotiate but is prepared to retaliate.