CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a decline for the euro ahead of Thursday's ECB meeting.» Read More
WASHINGTON- Federal Reserve Board of Governors holds open meeting to discuss "a final rulemaking to implement a quantitative liquidity requirement in the United States as well as a proposed rule on margin requirements for non-cleared swaps of prudentially regulated swap entities"- 1430 GMT.
*Europe's impatience not shared in Asia, United States. LONDON, Sept 2- Reviving Europe's repackaged debt market to fund economic recovery will take years and hinge on a re-invention of the sector rather than quick regulatory tweaks, bankers and regulators say.
*FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.4 pct. Shares in Italian luxury eyewear maker Luxottica bucked the trend as it fell 1.9 percent after long-term CEO Andrea Guerra stepped down following rifts with Chairman and founder Leonardo Del Vecchio and as the group overhauled its top management structure.
LONDON- UK Treasury Chief Secretary Danny Alexander delivers speech setting out' his vision for Scotland to remain as an integral and full member of the United Kingdom' at Chatham House. MADRID- Central Bank of Peru Governor Julio Velarde speaks about monetary policy and macroeconomic stability at an event devoted to promoting investment in the country.
FRANKFURT, Germany— Europe's economic recovery is in danger. Europe's lack of growth is looming larger and larger, however, and the ECB says it can't save the economy alone. While unemployment in the United States has fallen to 6.2 percent from 10 percent at its peak in Oct. 2009, Europe's is at 11.5 percent— still near last summer' 12 percent.
SANTANDER, Spain, Sept 1- Telefonica plans to exit Telecom Italia once the Spanish group has finalised the purchase of Vivendi's Brazilian broadband unit GVT, its chairman said on Monday, ending a long-standing shareholding.
ROME, Sept 1- The European Union's newly nominated foreign policy chief Federica Mogherini said Russian President Vladimir Putin's Ukraine policy had resulted in economic sanctions that were hurting his own people.
The first night of the inaugural Budweiser Made in America music festival in Los Angeles went off with few problems, despite concerns from residents about possible security and traffic issues. Lamar noted the unique setting, saying, "I've been touring the world, and I ain't never done a festival in the heart of Los Angeles."
PARIS, Aug 30- Left-leaning European national government leaders meeting in Paris agreed more needed to be done to boost growth in the bloc but that EU rules limiting budget deficits should not be overhauled, German Vice-Chancellor Sigmar Gabriel said.
Ukrainian leader in Brussels seeking help against Russia. BRUSSELS, Aug 30- European Union leaders are likely to threaten Russia with new economic sanctions over its action in Ukraine on Saturday but officials and diplomats said the bloc was not yet ready to order additional penalties.
LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.
*FTSEurofirst 300, Euro STOXX 50 up 0.3 pct. *Euro STOXX 50 posts biggest monthly gain since Feb. LONDON, Aug 29- European shares eked out small gains in thin, choppy trade on Friday, helping one key euro zone index of blue chips record its biggest monthly rise since February.
PARIS/ LONDON/ MILAN, Aug 29- Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.
WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..
*Russia proposes' corridor' for encircled Kiev troops. *NATO source says more than 1,000 Russian troops in Ukraine. LAKE SELIGER, Russia/ KIEV, Aug 29- Ukraine called on Friday for full membership in NATO, its strongest plea yet for Western military help after accusing Russia of sending in armored columns that have routed its troops on behalf of pro- Moscow rebels.
VENICE, Italy— Florida's realtors and tourism authorities will probably not be using "99 Homes" in their promotional material. The Sunshine State looks pretty shady in Ramin Bahrani's Orlando- set drama, one of 20 films competing for prizes at the Venice Film Festival.
*FTSEurofirst 300 flat, Euro STOXX 50 down 0.1 pct. *Airlines down after volcano eruption in Iceland. LONDON, Aug 29- European shares were poised to end a positive August on a softer note on Friday after euro zone inflation data slightly cooled market speculation about fresh monetary stimulus by the European Central bank.
ROME— Fiat says an ongoing tally of investors suggests there are not enough opposed to a merger with Chrysler to derail the deal. Fiat said that if investors cashed out more than 500 million euros in shares, the merger to create Fiat Chrysler Automobiles would be off. Fiat SpA will announce the final tally by Sept. 4.
BERLIN, Aug 29- Pilots at Lufthansa's budget carrier Germanwings staged a six-hour strike on Friday, disrupting travel plans of thousands of people returning from summer holidays and putting pressure on Lufthansa management in a pension scheme dispute.
*FTSEurofirst 300, Euro STOXX 50 up 0.1 pct. *Euro STOXX 50 set for best monthly gain since Feb. LONDON, Aug 29- European shares trimmed their early gains on Friday as euro zone inflation data slightly cooled market speculation about fresh monetary stimulus by the European Central bank.