All eyes this week will be on the Bank of England Interest rate decision which is set to take place on Thursday. The expectation is still that interest rates will be held at 0.1%, but it will be the rhetoric that follows this from members which might give indications to traders when a rate hike might take place. Later today Bank of England governor Bailey speaks, whilst he is not expected to touch directly on interest rate decisions, many will be keen to gather his thoughts on inflation and the outbreak of the omicron variant which could hamper the UK economy further.
Russia has been warned by the G7 foreign ministers to de-escalate their activities around Ukraine or face “massive consequences”. The foreign ministers are united in their damnation of Russia’s military build-up and aggressiveness towards their neighbour. The US are focusing their effects in bringing Russia back to the negotiation table with further sanctions if required.
Futures in European stocks are heading higher after the S&P 500 closed at a record on Friday and Asia shares were boosted by the news China could seek more stimulus.
| Share Index | Prev. Close | Open |
| FTSE100 | 7291.78 | 7291.78 |
| DAX | 15623.31 | 15653.37 |
| CAC40 | 6991.68 | 7004.76 |