Economic calendar: Russian missile strikes on Ukrainian cities dent moods

• European indices set to open lower

• Russian missile strikes on Ukrainian cities dent moods

• FOMC minutes and US CPI inflation in the later part of the week

Markets are in risk-off moods following a weekend strike on Crimean Bridge and today's Russian missile strikes on major Ukrainian cities, including capital Kyiv. Putin called a strike on Crimean Bridge a terrorist attack on key civillian infrastructure and today's missile strikes are seen as a retaliation. USD and JPY are on the rise while indices and oil are pulling back. 

Economic calendar for the day ahead is light with only the European Sentix index being scheduled for release as well as speeches from 2 Fed members (Evans and Brainard). US is observing Columbus Day today but markets will operate normally. Things will get more interesting later into the week with the release of US CPI inflation, retail sales data as well as FOMC minutes. On top of that, Wall Street Q3 earnings season begins this week with reports from major US banks.

9:30 am BST - Euro area, Sentix index for October. Expected: -34.7. Previous: -31.8

Central bankers' speeches

• 2:00 pm BST - Fed Evans

• 6:35 pm  BST - Fed Brainard

Key events in the later part of the week

Tuesday 

• 7:00 am BST - UK, jobs report for August

Wednesday

• 7:00 am BST - UK, GDP report for August

• 1:30 pm BST - US, PPI inflation for September

• 7:00 pm BST - FOMC minutes

• US earnings: PepsiCo

Thursday

• 1:30 pm BST - US, CPI inflation for September

• 4:00 pm BST - DOE report on oil inventories

• US earnings: BlackRock, Walgreens Boots Alliance, Wells Fargo

Friday

• 1:30 pm BST - US, retail sales for September

• 3:00 pm BST - US, University of Michigan index for October

• US earnings: Citigroup, JPMorgan, Morgan Stanley, US Bancorp, Unitedhealth Group