MARKET HEADLINES

Release Time: 04:30 New York time (EST)On the economic front, today’s UK Q4 GDP is the biggest piece of data out in the morning. Expectations of 0.7% growth seem to be priced in, so whilst we can expect a grinning George Osborne to be splashed around the media, markets may be less moved unless there’s a big difference from consensus given the other headwinds going on in global markets.