The focus on Monday will be on the economy, with a number of top-tier economic reports dominating the market's attention. First up is the release of European inflation data before the markets open. Followed by the U.S. PMI manufacturing index after the markets open. The PMI report will give us a preview of the national manufacturing ISM index due out on Tuesday. The PMI is expected to be down modestly from February's 58.9 level.

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