by TradeTheNews Staff - On the US calendar today are the releases of Personal Income, Personal Spending, PCE Core, and the PCE Deflator (YoY) as well as Initial Jobless Claims, and Continuing Claims, all of which are due out at 8:30 a.m. In addition ISM Manufacturing is scheduled for release at 10:00 a.m. US Treasury Secretary Paluson is scheduled to speak at 12:00 p.m. today, while the FED's Moskow is scheduled to speak at 7:00 p.m in Chicago. - In European economic news final M3 Money Supply in the UK was confirmed at 0.3% m/m and 13.0% y/y for the month of January, while mortgage approvals rose to 120K, above estimates of 115K. Manufacturing PMI figures were greater than expected across Europe, with the exception of the German figure, which fell below estimates of 58.5 at 57.2 as a result of the VAT hike that was implemented in January. Preliminary CPI for the month of February exceeded estimates on all fronts in Italy, reaching its highest m/m basis since July of 2005. Finally, the Czech central bank left its key interest rate unchanged at 2.50% as expected overnight. - The BOE's Lomax said overnight that it may take another month or two for the Bank of England to gauge the impact of recent rate hikes on consumer spending. Furthermore, that she sees inflation to be below its target by the end of 2007,