THE SPOTLIGHT will remain on Ireland’s borrowing costs this week, as the State’s debt management agency returns to the market with its latest bond auction.
The National Treasury Management Agency (NTMA) is hoping to raise another €1.5 billion tomorrow. Although the bond sale is expected to be successful in terms of demand, the agency is likely to have to pay a significantly higher yield than at previous auctions.
TODAY
Results:Flybe; Wyeth.
Meeting: Central Bank governor Patrick Honohan speaks at conference on regulation; REI retail retreat (to 21st, Sheraton Hotel, Athlone).
Indicators: Irish Business Demography NACE Rev 2 (2008); OECD economic survey of the United States; US NAHB housing market index (September); UK M4 money supply (August) and mortgage approvals.
TOMORROW
Results: JD Sports Fashion.
Indicators: Irish quarterly national household survey (quarter 2), population and migration estimates (April) and wholesale price index (August); US building permits (August), housing starts (August) and Fed interest rate decision; Swiss trade balance (August).
Other: NTMA bond auction.
WEDNESDAY
Results: General Mills; Origin Enterprises.
Meeting: Ryanair Holdings agm (Radisson Hotel, Dublin airport); Wexford Business Exchange expo (Whites Hotel); rescheduled meeting of Oireachtas Joint Committee on Finance and the Public Service.
Indicators: EMU industrial new orders (July); UK Bank of England minutes.
Other: CPA to launch report on entrepreneurship in Ireland; trading update from Imperial Tobacco.
THURSDAY
Results: Nike.
Meeting: Building a Business on Your Ideas seminar organised by Patents Office; financial trading seminar, speakers include Nick Leeson; funding opportunities entrepreneur showcase (Baltray Golf Club); SFA Ibec seminar: Deregulation of the Electricity Retail Market for Business Customers.
Indicators: Irish quarterly national accounts (quarter 2), planning permissions (quarter 2), balance of international payments (quarter 2) and trade statistics (May); US jobless claims, existing home sales (August) and leading indicators (August).
Other: Euro Zone Dialogue: Does the euro have a future? conference organised by the Economist (Berlin).
FRIDAY
Meeting: Oglesby and Butler agm
Indicators: Irish external trade (July); US durable goods orders (August) and new home sales (August); German IFO business climate (September).
