There are a number of important events this week. The Fed, the ECB and the Bank of England will meet and make rate decisions, IT giants Amazon, Apple and Alphabet will report earnings on Wednesday, and later on Friday, US labor market statistics will be released.

Market players' attention is likely to be on the Federal Reserve, which is to make its rate decision tomorrow and raise it by 25 basis points. However, according to JPMorgan, Jerome Powell will have a hawkish tone, making it clear that the slowdown in rate hikes does not mean the intention to stop it altogether in the near term, investing.com writes.

The European Central Bank and the Bank of England, according to analysts, will raise rates by 50 basis points.

As for the U.S. labor market, the forecast results for January are not too optimistic. Compared with December, the number of new jobs is expected to fall by 38,000 to 185,000, unemployment to 3.6% and reduction of hourly wages.