CNBC's Simon Hobbs reports on all the market moving events in Europe today, as traders become wary of Ukraine event risk.» Read More
*Italy, France need policy action to fix economies. BRUSSELS, March 5- The European Commission put Italy on Wednesday on its watch list because of the country's very high public debt and weak competitiveness and warned France that will miss agreed budget deficit reduction targets unless it takes action.
LONDON, March 5- Russian shares fell again and the rouble slipped towards record lows on Wednesday as investors remained wary about a standoff between Russia and Ukraine in Crimea. Putin has left all his options open, " Thu Lan Nguyen, emerging market strategist at Commerzbank in Frankfurt, said.
MEXICO CITY, Mexico- Federal Reserve Bank of Dallas President Richard Fisher speaks before the Mexican Bankers Association- 0000 GMT. TORONTO, Canada- Bank of Canada Senior Deputy Governor Tiff Macklem speaks at an event in Toronto- 0015 GMT.
WASHINGTON _ Institute for Supply Management releases its service sector index for February, 10 a.m. Eastern. WASHINGTON _Treasury Secretary Jacob Lew testifies about the president's budget proposal before the Senate Finance Committee. WASHINGTON _ House Financial Services subcommittee hearing on data security and Americans' financial information.
LONDON- Bank of England Deputy Governor Sir Jon Cunliffe speaks on EU- 1030 GMT.
Germany needs to lead in negotiating an economic solution to the rapidly escalating standoff on the Crimean peninsula, said Jim O'Neill.
Jim O'Neill, former chairman of Goldman Sachs Asset Management, discusses how global markets are likely to react to the Ukrainian crisis and why it's logical for Germany to take the lead on an economic approach with Ukraine.
*Ukraine border guards say build-up of Russian armoured vehicles near Crimea. MOSCOW/ PEREVALNOYE, Ukraine, March 3- Russia paid a financial price on Monday for its military intervention in neighbouring Ukraine, with stocks, bonds and the rouble plunging as President Vladimir Putin's forces tightened their grip on the Russian-speaking Crimea region.
*Germany has close economic and energy ties to Russia. BERLIN, March 3- Heavily dependent on Russian gas and closer to Moscow than any other leading western nation, Germany faces a major policy dilemma as the Ukraine crisis descends into a Cold War-style confrontation of tit-for-tat threats and ultimatums.
FRANKFURT, March 3- Carmakers are tapping smartphone technology to spruce up low-cost city cars and try to get an edge in a market that has grown to account for almost 10 percent of new car sales in austerity-scarred Europe.
*United States, Europe differ over trade sanctions. LONDON, March 3- Crude oil prices jumped more than $2 a barrel to multi-month highs on Monday, lifted by rising tension in Ukraine after Russian President Vladimir Putin declared he had the right to invade his neighbour.
*Audi to overtake BMW in 2017-18, but miss 2020 target-IHS. Having doubled model lines and deliveries over the past decade to narrow the sales gap on luxury car market leader BMW, Audi has not had much new on the stands for several recent industry gatherings compared with its rivals.
FRANKFURT, March 2- German banker Korbinian Ibel gave up a company car and took a pay cut to seize the chance to join a new organisation that could play a big role in taking European integration to the next level.
Treasury Secretary Jacob Lew speaks at the of the American Israel Public Affairs Committee Policy Conference 2014- 2200 GMT. BRUSSELS- ECB President Mario Draghi will give introductory remarks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium- 1400 GMT.
WASHINGTON _ The Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.; House Energy and Commerce subcommittee hearing on proposed changes to generic drug labeling.
WASHINGTON _ Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.; House Energy and Commerce subcommittee hearing on proposed changes to generic drug labeling.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the phenomenal year for Greece, Ireland and Portugal.
LONDON, Feb 28- OPEC's oil output has risen further in February from December's 2-1/ 2- year low, due to more shipments from Iraq and Angola, and further upward creep in Iranian exports, a Reuters survey found on Friday.
NEW YORK- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota and Federal Reserve Board Governor Jeremy Stein participates in panel to discuss report on interactions between monetary policy and financial stability before the University of Chicago Booth School of Business 2014 Monetary Policy Forum- 1515 GMT.
Germany and the U.K. have a lot of "common ground" and goals for the E.U. says German chancellor, Angela Merkel adding that to reach these goals, some countries will have to do their "homework."