THIS WEEK will be relatively quiet in terms of key economic releases, with only two indicators of note due out in the coming days – retail sales and residential property prices for November.
Both sets of figures are expected to underline the ongoing weakness in the household sector.
MONDAY
Results:HMV
Meeting:Eurasian Economic Community Council Meeting (Moscow); Swedish Central Bank meets on monetary policy (to Tuesday).
Indicators: EMU Current Account (October) and Construction Output (October); US NAHB Housing Market Index (December); UK house price index (Dec).
Other: European Central Bank president Mario Draghi to appear at a European Parliament's Committee on Economic and Monetary Affairs hearing; Italian public sector employees hold eight-hour strike against budget bill; UK government will respond to recommendations by the Independent Commission on Banking on the future of the financial services industry; Japanese government to release monthly economic report for December.
TUESDAY
Results:Oracle
Meeting:Bank of Japan Monetary Policy Meeting (to Wednesday).
Indicators: Irish Residential Property Price Index (November), Agricultural Price Indices (October) and Livestock Slaughterings (November); UK National Consumer Confidence (Nov) and Gfk Consumer Confidence (Dec); US Housing Starts (Nov) and Building Permits (Nov); German Producer Price Index (Nov) and IFO (Dec).
Other:Launch of Chambers Ireland's White Paper on Corporate Social Responsibility in Ireland; annual SFI end-of-year briefing with director general Dr Graham Love (Wilton Place, D2); Spanish parliament vote on Mariano Rajoy's confirmation as Spain's new prime minister; Finnish finance ministry to publish outlook for the Finnish economy.
WEDNESDAY
Meeting:Conroy Gold and Natural Resources agm (Conrad Hotel, Dublin 2).
Indicators:EMU Consumer Confidence (Dec); Irish Planning Permissions (Q3); US MBA Mortgage Applications (Dec 16th) and Existing Home Sales (Nov); UK Public Sector Net Borrowing (Nov).
Other:Bank of England to publish minutes of Dec 7th-8th monetary policy committee meeting.
THURSDAY
Meeting:European Systemic Risk Board general board meeting (Frankfurt).
Indicators: Irish Trade Statistics (August), Retail Sales Index (November) and Quarterly International Investment Position and External Debt (Sep 30th); US Gross Domestic Purchases Price Index (Q3), GDP Annualised (Q3) , Reuters/Michigan Consumer Sentiment Index (Dec), Leading Indicators (Nov) and Housing Price Index (Oct) ; UK GDP (Q3), Current Account (Q3) and Total Business Investment (Q3).
Other:Providence Resources end-of-year trading statement.
FRIDAY
Indicators:US New Home Sales (Nov), Durable Goods Orders (Nov) and Personal Consumption Expenditures (Nov); UK Index of Services (Oct) and BBA Mortgage Approvals (Nov).
Other: Swiss National Bank publishes Quarterly Bulletin (monetary policy report – business cycle trends).
