Economic calendar: Russia-Ukraine talks, US trade balance

• European markets set for higher opening

• Face-to-face talks between Ukraine and Russia

• US trade balance data for February

European futures market point to a slightly higher opening of cash trading session on the Old Continent today. Weekend has been quite calm but Biden's aggressive rhetoric towards the Kremlin in his speeches in Poland. While White House denied that Biden called for regime change in Moscow, a response from Russia will surely be on watch today. Verbal escalation can make diplomatic efforts less effective.

Economic calendar for today is almost empty. Traders will be offered US trade balance data for February but it rarely has an impact on the markets. Another round of face-to-face talks between Russia and Ukraine is expected to be held this week today. According to Turkey, talks will be held in the country between Monday, March 28 and Wednesday, March 30. However, those talks also no longer tend to have much of an impact on the market as sides fail to make substantial progress.

1:30 pm BST - US, trade balance for February. Expected: -$106.4 billion. Previous: -$107.6 billion

Central bankers' speeches

• 12:00 pm BST - BoE Governor Bailey