Markets are expected to open relatively flat this morning ahead of inflation data from the Eurozone that will enlighten investors as to the European Central Bank's next move.
Russia is again in focus as Ukraine's president said troops had entered the country.
UK markets will be heartened by Nationwide's house price index which recorded a better than expected monthly rise.
Tesco issued a profit warning as the business faces "a number of uncertainties." It now expects profits of between £2.4bn and £2.5bn for 2014/15 and said dividends will be cut. Previously profits were expected to be £2.8bn.
The supermarket's new boss Dave Lewis is now being brought in ahead of schedule and will start on Monday.
Virgin Australia has reported full-year losses of AU$355.6m (£200m), almost four times last year's losses, blaming weak consumer sentiment.
Data in focus
- 7:00am Nationwide house price index
- 9:30am UK GDP
- 10:00am European inflation
- 10:00am European unemployment rate