- German unemployment and inflation reports out
- Eurozone consumer confidence due to be released
- Yellen to address Senate
FTSE 100: 0.12%
CAC 40: 0.23%
FTSE MIB: 0.19%
IBEX 35% -0.13%
Stoxx 600: 0.07%
European stocks were little changed as investors weighed German unemployment and awaited reports on German inflation and Eurozone consumer confidence.
The number of people unemployed in Germany fell 14,000 compared to expectations of 10,000, while jobless claims declined by 28,000, according to the Federal Statistics Office. The jobless rate held steady at 6.8% as expected.
Also in Germany, inflation will be released at 13:00 and is expected to remain unchanged at 1.3% year-on-year in February. Harmonised consumer prices are tipped to fall slightly to 1.1% on the year in February from 1.2% a month before.
Another report on Eurozone consumer confidence at 10:00 GMT is projected by economists to show a slight fall in February. Analysts predict the sentiment index to drop to 100.7 from 100.9 in January.
In Spain, the monthly gross domestic product figure came in below expectations with a rise to 0.2%, compared to 0.3% the previous month and expectations of the same figure.
February French consumer confidence declined, falling further below the long-term average of 100 to 85, compared to 86 the previous month.
When markets open in the US this afternoon the attention will turn to Federal Reserve Chair Janet Yellen as she delivers her testimony to the Senate on monetary policy and the economy, which had been delayed due to bad weather.
Yellen has indicated that the Fed will probably continue to scale back monthly asset purchases at each policy until ending it all together later this year.
Other US news will include on durable goods orders and initial jobless claims.
Durable goods orders may have fallen 1.6% in January, compared to a 4.2% drop in December, according to the consensus forecast.
US initial jobless claims are predicted to have increased 335,000 in the week to February 21st, down slightly from 336,000 the previous week.
The Fed is paying particularly close attention to jobs to gauge the health of the economy as it determines its next policy move ahead of its March meeting.
RBS slides on biggest annual loss since 2008
Royal Bank of Scotland's shares
declined after the state-back lender widened its 2013 pre-tax loss to £8.24bn from £5.27bn a year earlier, missing analysts' estimates of £6.7bn. It marked the bank's biggest loss since the height of the 2008 financial crisis.
Allianz dropped as Europe's largest insurer posted fourth quarter earnings the fell short of market forecasts and said operating profit may decline this year amid low interest rates.
WPP slumped as the advertising giant increased its share buyback programme to counter a hit from volatile emerging market exchange rates
as it reported its 2013 results. Numis said shares could come under pressure from the impact to reported margins and slightly lower margin guidance.
Capita was the top riser on the FTSE 100 after the outsourcing specialist said it has won £588m of new contracts so far in 2014 and reported a 14% increase in 2013 pre-tax profits to £215m.
Whitbread rallied after the owner of the Costa and Premier Inn chains said it is on track to report full-year results at the top end of expectations.
The euro fell 0.20% to $1.3659.
Brent crude futures dipped $0.165 to $109.340 per barrel, according to ICE .