Forecasts to shed light on what future holds for economy
A number of economic projections are due out this week and should shed some light on what the future holds for the domestic economy.
Tomorrow, Davy Stockbrokers will outline its economic predictions for 2007 and 2008, while Jim Power, chief economist at Friends First, will present his latest quarterly outlook on Thursday.
Meanwhile, reporting season continues in full flow, with a slew of interim results out this week.
Today:
RESULTS:IG Group; Domino's Pizza; American Express; Amylin Pharmaceuticals; Edwards Lifesciences; Halliburton; Hasbro; Merck & Co; Schering-Plough; Taser International; Texas Instruments, Altera.
INDICATORS:US NAHB Housing Survey (June); UK Rightmove House Prices (June) and Bank of England quarterly bulletin.
OTHERS:ECB conference on Globalisation and the Macroeconomy (to July 24th). Participants include ECB governing council member Juergen Stark and ECB president Jean-Claude Trichet (Frankfurt); ECB vice-president Lucas D Papademos gives speech at the event commemorating 50 years since the signing of the Treaty of Rome organised by the European Cultural Centre of Delphi and the Konstantinos Karamanlis Foundation in Delphi (Greece); Swedish central bank governor Stefan Ingves speech Regulatory Challenges of cross-border Banking: possible Ways forward will be published (Stockholm); Bord Na Móna will publish its annual report 2006/2007 (Conrad Hotel, Dublin 2); Charlie McCreevy to officiate at opening of €8 million manufacturing and research and development centre in Borris, Co Carlow.
Tomorrow
RESULTS:Pace Micro Technology; Misys; Sports Direct International; BP (I); Capita; Wolfson Microelectronics; Yell (Q1); Akzo Nobel; Amazon.com; AT&T; Avaya; CEVA; Chubb; DuPont; Eli Lilly; EMC Corporation; Fiat; Iberiabank; JetBlue Airways; UPS; Capita; United States Steel; Wolfson Microelectronics; Yell Group; Biogen Idec; Jones Lang LaSalle; Lockheed Martin; Nissan Motor Co; Rohm and Haas; PepsiCo; Skechers; Susquehanna Bancshares; TomTom; Unisys, and XL Capital.
AGM:Severn Trent, Vodafone.
INDICATORS:Irish external trade (April) and tourism and travel figures (Q1); US housing starts (May) and weekly retail sales (to June 16th); German ZEW expectations (June); French current account (April), Italian retail sales (May).
OTHERS:Davy Stockbrokers presents its economic forecasts for 2007/2008 (Dawson Street, Dublin); Bank of England deputy governor John Gieve speaks in London; Minehan speech.
Wednesday July 25th
RESULTS:Autonomy; GlaxoSmithKline; Northern Rock; Reckitt Benckiser; Anheuser-Busch; Colgate-Palmolive; DaimlerChrysler; E*TRADE Financial; Honda; Parmalat; SPA; Qualcomm; Symantec; Volvo AB; Xerox; Apple; ConocoPhilips; Exelon; Express Scripts; Rockwell Automation; The Boeing Company, Tele2.
AGM:Trintech (Trintech Group office, Leopardstown, Dublin); Halfords; SSL International, VT.
MEETINGS:Oakhill Group EGM (The Burlington Hotel, Dublin).
INDICATORS:UK M4 & lending (May), PSNCR (May), BBA Mortgage Date (May) and minutes of June meeting of the Bank of England's monetary policy committee; German producer prices (May); Minutes of Bank of Japan's monetary policy meetings on April 27th and May 16th/17th.
OTHERS:Trading update from Playtech; Fed Yellen and Geithner speeches; Fed's Beige Book.
Thursday July 26th
RESULTS:Access Intelligence; AstraZeneca; Bradford & Bingley; British American Tobacco; BT (Q1); Legal & General; National Express; Reed Elsevier; Rolls Royce; Royal Dutch Shell; Amgen; Becton Dickinson; Bristol-Myers Squibb; Canon; Celestica; ExxonMobil; Genworth Financial; K-Swiss; Kellogg; Elan; Black & Decker; IntercontinentalExchange; ICON (Usc) (Q2); Siemens; Dow Chemical; XM Satellite Radio; ABB, Scania.
AGM:Ormonde Mining (Conrad Hotel, Dublin); Carphone Warehouse; GCap Media; Jarvis; MITIE, Scottish & Southern Energy.
INDICATORS:Euro-zone purchasing managers' index (June); Irish vehicles licensed for the first time (June); household budget survey (2004-2005); external trade (June); US jobless claims (to June 16th); leading indicators (May); durable orders (June); new home sales (June); Philadelphia Fed Survey (June) and money supply (week ending June 11th); Italian retail sales (April); UK CBI monthly industrial trends survey (June).
OTHERS:CSO publishes Census 2006 - Volume 5 - Ethnic or Cultural Background (including the Irish Traveller Community); Trading updates from Kesa and Kingfisher; The Central Bank and Financial Services Authority of Ireland publishes its third Quarterly Bulletin of 2007 ; Friends First quarterly economic outlook, Is the future more challenging?, to be presented by Jim Power, chief economist, Friends First (Merrion Hotel); ECB governing council meeting.
Friday 27th July
RESULTS:BSkyB; Alliance & Leicester; Flying Brands; BG Group; Chevron; Michelin; Reuters Group; Baker Hughes, TeliaSonera AB.
AGM:De La Rue, United Utilities, Rezidor Hotel Group (Q2)
INDICATORS:Irish industrial stocks (Q4 2007) and capital assets in industry (Q1); German Ifo survey (June); French household consumption of manufactured goods (May); Italian large firms labour indicators (May) and contractual wages and labour disputes (June).
OTHERS:Pianalto speech.
