India, Jan. 21 -- European stocks may open higher on Monday as Chinese GDP data came in line with estimates and signs that the U.S. and China are closing in on a trade truce helped ease global growth worries.

Trading volumes, however, may remain thin as American markets remain closed today due to the Martin Luther King Jr. holiday.

China's GDP grew a seasonally adjusted 1.5 percent sequentially in the fourth quarter of 2018, in line with expectations and down from 1.6 percent in the third quarter.

On an annualized basis, GDP expanded 6.4 percent - again matching forecasts and down from 6.5 percent in the three months prior.

Separately, industrial production climbed 5.7 percent on year in December, topping forecasts for 5.3 percent and u...