Economic calendar: Russia-Ukraine situation in the spotlight

• European markets set to open lower

• Potential Russia-Ukraine conflict to keep markets moving

• FOMC minutes and CBRT rate decision later this week

European futures markets point to a much lower opening of today's cash session on the Old Continent. DAX futures currently trade around 300 points below Friday's cash close. Moods deteriorated late on Friday on reports saying that Russian may invade Ukraine as soon as this week. Talks between Western leaders and Russian authorities are held almost on a daily basis now. Economic calendar for today is empty but news on Russia-Ukraine are likely to keep markets moving. Investors should be aware that prices are very vulnerable to swing on news headlines nowadays.

Central bankers' speeches

• 4:00 pm GMT - Fed's Bullard

• 4:15 pm GMT - ECB President Lagarde

Key events of the week

• FOMC minutes - Wednesday, 7:00 pm GMT

• US retail sales for January - Wednesday, 1:30 pm GMT

• Canadian CPI for January - Wednesday, 1:30 pm GMT

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

Top Wall Street earnings scheduled for this week. Source: Bloomberg, XTB