Europe's main stock markets are moving ahead on Monday as they begin a quiet session, with several key US economic indicators expected this week.

In Paris, the CAC 40 climbed 0.47% to 7,303.65 points around 07:10 GMT. Frankfurt's Dax gained 0.56%, while London's FTSE was up 0.63%.

The pan-European FTSEurofirst 300 index gained 0.41%, the EuroStoxx 50 gained 0.51% and the Stoxx 600 climbed 0.45%.

Investors will be getting plenty of data on US activity this week, as fears of a recession on the other side of the Atlantic persist and sent markets tumbling last week.

Producer prices on Tuesday, retail sales, industrial production and the "Philly Fed" and "Empire State" activity indicators on Thursday, and finally the University of Michigan sentiment indicator will be published over the course of the week.

Market attention will nonetheless be focused on the CPI inflation indicator, expected on Wednesday and crucial to the trajectory of US monetary policy.

The Federal Reserve will meet at the end of August for its Jackson Hole symposium, and will rely on this data in its assessment of activity.

Traders are confident that the central bank will cut rates in September, estimating a 50% probability of a 50bp cut. Any change in this scenario could provoke a violent reaction from markets that were less liquid during the summer and already worried about the slowdown in US employment.

On the value side, Eutelsat gained 2.7% after announcing on Friday that it was in exclusive negotiations for the partial sale of its passive ground segment infrastructure. (Written by Corentin Chappron, edited by Kate Entringer)