Economic calendar: US-China meeting on Ukraine

• European stock markets launch new week higher

• Meeting of top US and Chinese officials in Rome

• Rate decision from FOMC, CBRT, BoE and BoJ this week

European stock markets started a new week higher following some optimistic comments on Russian-Ukraine talks over the weekend. Ukraine said that talks became constructive and some preliminary agreement, including tentative ceasefire, could be reached within days. Equities benefitted while oil pulled back. Chinese stocks plunged today as Shenzhen was put back into Covid lockdown.

The economic calendar for today is empty, it does not mean there is nothing to follow. War in Ukraine is the top theme in the markets right now and the US National Security Advisor is set to discuss the matter with top Chinese foreign policy official Yang Jiechi today in Rome, Italy. Meeting may also be related to arms supplies to sides of conflict as US media reported that Russia approached China with a request to supply military equipment.

Key reports and macro events this week

• Tuesday, 12:30 pm GMT - US, PPI inflation for February

• Wednesday, 12:30 pm GMT - Canada, CPI inflation for February

• Wednesday, 12:30 pm GMT - US, retail sales for February

• Wednesday, 6:00 pm GMT - FOMC decision

• Thursday, 11:00 am GMT - CBRT rate decision

• Thursday, 12:00 pm GMT - BoE rate decision

• Friday - BoJ rate decision