UK economic growth grew by 0.7 per cent in the fourth quarter compared to the previous three months, the Office for National Statistics is expected to confirm on Wednesday.
The report follows preliminary estimates for gross domestic product (GDP) which also showed year-on-year growth of 2.8% in the fourth quarter.
Later on in the US will be the release of new home sales, which are anticipated to have fallen 3.4% in January, compared to a 7% drop in December.
The earnings session will be jammed packed early on with annual results from ITV, Petrofac, Taylor Wimpey, CSR, Weir and Direct Line.
In its third quarter update, ITV indicated that full-year 2013 net advertising revenue (NAR) would be up 2%.
The owner of the UK TV station is expected to announce a special dividend to investors.
"We believe the likelihood of a special dividend this year is evenly balanced, and in our view it is likely to depend on the pipeline of Studios acquisitions," Numis said on Tuesday, issuing a 'buy' rating for the stock.
"We currently forecast a 2014 NAR growth of 4% and view this as conservative due to the World Cup boost and improving UK economy."
Wednesday February 26th
Animalcare Group, Asian Citrus Holding, Avingtrans, Clinigen Group, Hays, The Renewables Infrastructure Group Limited
INTERIM EX-DIVIDEND DATE
Bluefield Solar Income Fund Limited, Carclo, Diageo, Heath (Samuel) & Sons, Mobeus Income & Growth 2 Vct, Stewart & Wight
QUARTERLY PAYMENT DATE
QUARTERLY EX-DIVIDEND DATE
Canadian General Investments Ltd., Energy XXI (Bermuda) (DI), Real Estate Credit Investments PCC Ltd
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Budget Statement (US) (19:00)
Crude Oil Inventories (US) (15:30)
GFK Consumer Confidence (GER) (07:00)
MBA Mortgage Applications (US) (12:00)
CSR, Direct Line Insurance Group, EKF Diagnostics Holdings , Greggs, Henderson Group, International Personal Finance, ITV, Microgen, Molins, Petrofac Ltd., Quarto Group Inc., Restaurant Group, SEGRO, Synectics, Taylor Wimpey, Travis Perkins, Vitec Group, Weir Group
SPECIAL EX-DIVIDEND PAYMENT DATE
Beazley, easyJet, Independent Inv Trust, Masawara, Playtech, Rights & Issues Inv Trust Capital Shares, Rights & Issues Inv Trust Income Shares
Bankers Inv Trust, Gooch & Housego, LED International Holdings Ltd (DI)
UK ECONOMIC ANNOUNCEMENTS
GDP (output, income & expenditure) (09:30)
Index of Services (09:30)
FINAL EX-DIVIDEND DATE
Arden Partners, Brewin Dolphin Holdings, easyJet, Henderson Value Trust, Independent Inv Trust, LPA Group, Playtech, Rights & Issues Inv Trust Capital Shares, Rights & Issues Inv Trust Income Shares, Treatt, Zytronic