Investors focus on results from B of I, Eircom

As people digest the results of last week's election, the corporate world moves on, with attention this week focusing on results…

As people digest the results of last week's election, the corporate world moves on, with attention this week focusing on results from Bank of Ireland and Eircom as well as interim data from Greencore.

Further afield, Friday's release of key US data including payrolls will be the climax for markets in the next week, which will get off to a quiet start, with the US and much of Europe shut today. In the euro zone, inflation, sentiment and growth numbers are unlikely to change expectations for a June rate hike.

The US releases - which also feature the Institute for Supply Management's manufacturing survey and the Federal Reserve's favourite inflation measure - will be scanned for clues on whether the economy is heading for a soft or hard landing and whether interest rate cuts are needed yet. Minutes from the Fed's May meeting, due on Wednesday, could also shed light on the monetary policy outlook.

For the euro zone, interest rate markets have priced in a rate rise to 4 per cent in June and another by year-end. The European Commission's sentiment survey on Thursday and the euro-zone purchasing managers' index on manufacturing the following day, both for May, are unlikely to change this view.

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Monday

INDICATORS:German cost of living (May); Japanese housing starts and construction orders (Apr).

OTHERS:London Stock Exchange closed; US markets closed for Memorial Day.

Tuesday

RESULTS:Bank of Nova Scotia (Q2); BMC Software (Q4); Bombardier; Borders (Q1); BSS; Eircom; Hamworthy; Liontrust Asset Management; Phillips-Van Heusen (Q1); Shed Productions (H1), Vodafone.

AGM:Standard Life.

INDICATORS:Euro-zone current account (Mar) and direct and portfolio investment (Mar); US consumer confidence (May); Japanese household spending and unemployment (Apr).

OTHERS:Revenue publishes its annual report; OECD publishes survey of US economy, launch of Ibec's Asia Business Network.

Wednesday

RESULTS:Abacus (H1); Air Berlin (Q1); Antofagasta (Q1); British Energy; Caledonia Investments; Electrocomponents; FLS (Q1); GCap Media; Jelf (H1); Northern Foods; Novell (Q2); Oasis Healthcare; Polo Ralph Lauren (Q4); Romag Holdings (H1); Shaftesbury; Statoil (Q1); Tivio (Q1), Williams Sonoma (Q1).

INDICATORS:Euro-zone money supply data (Apr), Irish small business data, Italian producer prices (Apr); Japanese industrial output (Apr).

OTHERS:Allianz Business2Arts Awards 2007; US Federal Reserve publishes minutes of open markets committee meeting of May 9th; OECD publishes survey of Greece.

Thursday

RESULTS:Bank of Ireland; Ciena (Q2); Dell (Q1); Expro International; Greencore (H1); Healthcare Enterprise; HJ Heinz (Q4); Indus Holding (Q1); Interactive Gaming; Man; Pennon; Premier Farnell (Q1); Qinetiq; RWS (H1); Sarantel (H1); Scottish & Southern Energy; Sears (Q1); Shanks; Tiffany (Q1), Education Development (H1).

AGM:Alliance Boots (egm); Entertainment Rights; Group4 Securicor, Kingfisher.

MEETINGS:Brussels Economic Forum (to Friday).

INDICATORS:Euro-zone inflation (May); industrial sentiment (May); economic sentiment (May); consumer sentiment (May) and business climate (May); Irish public sector credit figures (May) and Census 2006 data on household composition, family units and fertility; US GDP (Q1) and construction spending (Apr); British consumer credit (Apr) and CBI distributive trades survey (Q2); German unemployment (May); French unemployment (Apr); consumer confidence (May) and producer prices (Apr), Italian consumer prices (May).

OTHERS: Bank of Italy governor Mario Draghi presents annual report; Kingfisher issues trading statement.

Friday

RESULTS:African Eagle Resources; API Group (H1); Hornby, Laurent-Perrier.

AGM:InterContinental Hotel, Kelda (egm).

INDICATORS:Euro-zone purchasing managers' index (PMI) manufacturing (May); GDP (Q1) and unemployment rate (Apr); Irish Live Register (May) and NCB PMI manufacturing (May); US unemployment (May); average working week (May); hourly earnings (May); personal income/spending (Apr); Institute of Supply Management index of manufacturing (May) and consumer sentiment (May), British PMI manufacturing (May); German PMI manufacturing (May); French PMI manufacturing (May), Italian PMI manufacturing (May).

OTHERS:European Central Bank's governing council member Axel Weber takes part in a panel discussion on private equity and hedge funds at the Institute of International Finance's spring meeting (Athens).