THIS WEEK’S consumer price index reading is expected to show a further easing in the the rate of deflation, while retail sales figures for May are likely to have been boosted by robust new car sales. The ECB is expected to leave interest rates unchanged on Thursday.
TODAY
US markets holiday for Independence Day weekend.
Meeting:Minister for Finance Brian Lenihan will appear before Oireachtas Joint Committee on Finance to discuss terms of reference of the Commission of Investigation into the banking crisis.
Indicators:EU-16 Markit Services PMI (June), Sentix investor sentiment (July) and retail sales (May); Irish Services PMI (June); UK CIPS Services PMI (June).
Other:Financial Regulator's Consumer Panel's annual report to be published; Social Justice Ireland to launch Building a Fairer Tax System: the Working Poor and the Cost of Refundable Tax Credits (Buswells); Minister for Enterprise Batt O'Keeffe to announce investment by IDA Ireland client company.
TOMORROW
Meeting:Oireachtas Joint Committee on Enterprise, Trade and Employment meeting on small business funding; Oireachtas Joint Committee on Economic Regulatory Affairs meeting on the operations of the Irish Credit Bureau.
Indicators:Irish statistics of port traffic (2009); US ISM non-manufacturing PMI (June); UK BCC quarterly manufacturing survey (quarter 2).
Other:Persimmon trading statement.
WEDNESDAY
Meeting:Public forum on future of Ireland's cultural and creative sectors (Project Arts Centre, Temple Bar).
Indicators:EU-16 final GDP (quarter 1); German industrial orders (May); OECD employment outlook 2010.
Other:Tullow Oil and CRH trading updates.
THURSDAY
Meeting:TVC agm (Merrion Hotel); Leman/MKO Cashflow Breakfast Seminar; Cloud Consulting breakfast briefing How to Exit a Cloud Business and Make Money – (Clarion, IFSC); Air France KLM agm (Paris).
Indicators:ECB interest rate announcement; Irish retail sales index (May), consumer price index (June) and average earnings (quarter 4); US initial jobless claims (week ending July 3rd); UK industrial production (May), NIESR GDP estimate (three months to June) and BoE interest rate announcement; German industrial production (May).
Other:Publication of Enterprise Ireland's annual report and accounts 2009 (Shelbourne Hotel); launch of PwC talent mobility 2020 report; Associated British Foods interim management statement.
FRIDAY
Results:Elan.
Meeting:Norkom agm (Shelbourne Hotel); launch of the Craft Council of Ireland annual report and three-year strategic plan (RDS).
Indicators:Irish milk and milk products supply balance (2009) and vehicles licensed for the first time (June); US wholesale inventories (May); UK PPI input (June) and trade balance (May); German final CPI (June); French industrial production (May).
