Here are the 5 top things to know this morning:
1. Dollar firms ahead of Fed meeting
The Federal Reserve kicks off its two-day policy meeting on Tuesday, at which it is widely expected to raise the fed funds target range by a quarter point to a range between 0.75%-1%. The U.S. central bank will also release its latest forecasts for economic growth and interest rates, known as the "dot-plot".
Fed Chair Janet Yellen's post-meeting press conference will be closely watched for clues on the pace of future rate hikes. Fed officials previously projected three rate hikes in 2017, but that might move up to four, amid signs of an uptick in inflation and continued strength in the jobs market.
2. Sterling dives on clear path for Brexit
U.K. Prime Minister Theresa May won the right to trigger Article 50, which kicks off the process of exiting the European Union, after parliament passed legislation giving her the power to start the exit process on Monday evening.
The bill will now be sent to the queen for symbolic approval which could be granted as early as Tuesday morning, leaving May ready to start a two-year negotiation period before the end of March.
However, Scotland asked for a new independence referendum before the U.K. leaves the EU, adding to concerns the market has regarding Brexit.
3. Dutch election on focus
Investors were focusing on the Dutch election, to be held Wednesday, which is being watched as a bellwether for the spread of populism in Europe, particularly ahead of next month's French election.
Opinion polls have suggested that Dutch nationalist Geert Wilders' right-wing Freedom Party, which wants to take the Netherlands out of the European Union and stop Muslim immigration, has lost its lead to more mainstream opponents.
However, a diplomatic standoff with Turkey threatened to overshadow the final stretch of campaigning and influence voting in Wilders' favor with less than 24 hours to polling day, prompting investors to remain weary over the possibility of a Brexit or Trump-style shock result.
4. Oil rebounds from 4-month lows
Oil prices attempted a slight rebound on Tuesday, after plunging to the lowest level since the end of November amid concern over rising shale production and record-high U.S. crude inventories.
Investors will keep an eye out for a monthly report from the Organization of Petroleum Exporting Counties due later in the session to gauge efforts by global producers to rebalance global oil supply and demand.
Meanwhile, the American Petroleum Institute is due to release its weekly stockpile report at 20:30 GMT Tuesday. Official data from the Energy Information Administration will be released Wednesday, amid forecasts for an oil-stock rise of 3.2 million barrels.
5. China data better than expected
China's January to February economic data painted a rosier picture of the world's second largest economy, underlining the view that it got off to a strong start to 2017.
Industrial output grew by 6.3% in the first two months of the year from the same period a year before, beating expectations for 6.2% and up from 6.0% in the preceding month.
Fixed asset investment grew 8.9% on-year, as growth in private investment more than doubled from a year earlier. But retail sales growth missed expectations, up just 9.5% on-year, missing forecasts of a 10.5% increase.