British drugmaker Vectura VEC.L climbed 2.2% as U.S. tobacco company Philip Morris PM.N raised its bid for the company. GOL/MET/LIRONORE/ "Investors are focusing on China, where the weakness in the weekend trade data has seen commodity prices, notably iron ore, fall," Jeffrey Halley, a senior market analyst at OANDA, said in a note. Investors will be keenly watching U.S. inflation data due later this week to see if the numbers make a case for an early tapering announcement by the Federal Reserve, the odds of which were cemented after a strong jobs report on Friday.