Euro looks for succour

With the euro still in the wars and the stated importance of the German economy's performance to decisions for the euro bloc …

With the euro still in the wars and the stated importance of the German economy's performance to decisions for the euro bloc as a whole, attention this week will focus on the German Ifo index. Following a surprisingly large fall last month, analysts will be looking for some sign that the German economy has not yet peaked in this cycle. news to the contrary could provoke another bout of selling on the euro.

Monday

Results: Charles Baynes (H1), Dowding & Mills, Hunters Leisure (H1), Interior Services Group, Interregnum, Nettec (H1), Ricardo, SR Pharma (H1), Ulster TV (H1), Whittard of Chelsea.

A.G.M.: Golf Club Holdings (e.g.m.), Murray Global Return, Prestbury (e.g.m.), Qualceram (e.g.m.), Zetters Group (e.g.m.).

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Meetings: EU telecommunications ministers meet (Brussels).

Indicators: EMU consumer prices (Aug).

Others: An Bord Bia publishes annual report; Official opening of Intel network processing group; Introduction of £200 million social economy programme by Tanaiste Ms Harney (Davenport Hotel, Dublin).

Tuesday

Results: 4Imprint Group (H1), Bell Group (H1), Britax International (H1), Carmillon (H1), Compel Group, Dicom Group, Electrafina (H1), French Connection (H1), Gucci (H1), Linton Park (H1), Mice Group (H1), Michelin (H1), Oxford Glycosciences (H1), Policy Master (H1), S&U (H1), Taylor & Francis (H1), Tesco (H1), United & Overseas (H1), Vernalis Group (H1).

A.G.M.: Adval Group, BPI (e.g.m.).

Meetings: ESRI/Foundation for Fiscal Studies budget seminar (Hilton Hotel, Dublin); Mergers and Acquisitions seminar (Davenport Hotel, Dublin); Seminar on investment opportunities in Poland (Westbury Hotel, Dublin).

Indicators: Irish wholesale price index (Aug); US housing permits (Aug) and housing starts (Aug); Japanese leading indicators (Jul), trade balance (Aug) and coincidental indicators (Jul); Italian consumer prices (Aug).

Others: Britain auctions off about 25 tonnes of gold as part of planned reduction of gold reserves.

Wednesday

Results: Alliance Unichem (H1), Barratt Development, Bouyhues (H1), Canal Plus (H1), Chubb (H1), Cluff Mining (H1), Cobham (H1), Fox Kids, IAWS, Kier Group, Laura Ashley (H1), VFG (H1), Usinor (H1), Warnford Inv (H1).

A.G.M.: Alcatel, Budgens, Investment Trust of Investment Trusts.

Indicators: British public sector net borrowing, building society figures (Q2) and M4 data; US trade balance and Beige Book; German Ifo index (Aug); Italian GDP; Italian GDP (Q2).

Others: IMF managing director Mr Horst Kohler outlines plans for forthcoming annual meeting in Prague.

Thursday

Results: Alizome (H1), Alpha Airports (H1), Arcon International, Axa-UAP (H1), Carlsberg (Q3), linton Cards (H1), Folkes Group (H1), Marleybone Warwick Balfour, Saint-Gobain (H1), Selfridges (H1), Wellington Underwriting (H1), Weston Medical Group (H1), William Morrison Supermarkets (H1).

A.G.M.: British Biotech, Henderson Elec&Gen, Templeton Emerging Markets.

Meetings: International Monetary Fund and World Bank annual meeting starts in Prague; ESB chief executive Mr Ken O'Hara appears before Oireachteas Joint Committee on Public Enterprise and Transport.

Indicators: Irish total external trade (Jun); British CBI monthly trends survey (Sep); US Philadelphia Federal Index; Italian industrial production (Jul).

Friday

Results: Henlys Group (H1), Jumbo International (H1).

A.G.M.: Aim Group, Coral Products, Daejan Holdings, Intelek, OM Gruppen (e.g.m.), Ryanair, TR European Growth.

Meetings: WTO disputes settlement body meets (Geneva).

Indicators: EMU current account (Jul); German producer prices (Aug); Italian business confidence (Jul).

Others: Formal introduction of the Euronext Bourse formed from merger of Parish, Amsterdam and Brussels stock exchanges; Tanaiste presents the FAS Excellence Through People Awards (Hilton Hotel, Dublin).