European stocks are expected to open lower on Monday as investors watch for developments in Ukraine as tensions with Russia grow.
Rising inflation is a major concern for the U.S. central bank andis due to brief the media Wednesday afternoon local time after the FOMC releases its statement.
In the meantime, markets are likely to be shaken by concerns that there could be an imminent military conflict between Ukraine and Russia.recommended Sunday that all U.S. citizens in Ukraine depart the country immediately, citing Russia's extraordinary military buildup on the border. "Our recommendation to U.S. citizens currently in Ukraine is that they should consider departing now using commercial or privately available transportation options," a senior State Department official said Sunday evening on a call with reporters.
On Saturday, the U.K. accused the Kremlin of seeking to install a pro-Russian leader in Ukraine. Russia has repeatedly denied it is preparing to invade its neighbor. Earnings are due out from Philips on Monday, and data releases include U.K. and euro zone flash purchasing manager's index figures for the services and manufacturing industry in January.Sign up for— CNBC's Amanda Macias and Saheli Roy Choudhury contributed reporting to this story.
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