Osborne, Euro-Area PMIs, BOJ Easing, Paulson

WHAT TO WATCH: U.K. Chancellor George Osborne will tell lawmakers today he’s no longer on course to cut government debt in 2015 and may extend austerity for another year. 12.30 p.m. Irish Finance Minister Michael Noonan is also likely to present another austerity budget for 2013. 2.30 p.m. The final euro-area composite PMI will probably match the initial reading of 45.8, a survey shows. 9 a.m. Services PMIs are due for Italy (8.45 a.m.), France (8.50 a.m.) and Germany (8.55 a.m.).

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