European bank shares also rebounded from declines last week when a sharp jump in Deutsche Bank's DB.N credit default swaps, a type of insurance for bondholders, had exacerbated worries about the health of banks in the region. Traders have largely priced in a pause in the Federal Reserve's rate hikes in May amid lingering worries about the banking sector stress potentially causing a steep economic downturn. Investors are also awaiting a host of economic data this week, including a consumer confidence reading and an inflation report that could give more clues about the Fed's monetary policy path.