Financial markets are about to open. Next week will be very important in terms of economic data and geopolitical events. Here are the key upcoming events:

• Tomorrow, Monday, markets will be watching for reactions to the escalation between Israel and Iran.

• On Tuesday, the U.S. core retail sales will be released.

• Wednesday will be very significant as the Federal Reserve's interest rate decision will be announced, which will have a strong impact on market movements.

• On Thursday, the Bank of England's interest rate decision will be released, and U.S. markets will be closed in observance of the Emancipation Day.

• On Friday, the Philadelphia Federal Reserve's manufacturing index will be released.