THE SPOTLIGHT will be firmly on Wednesday’s live register figures which will show if the slight decline in the unemployment rate in April continued into May.
A number of key euro zone indicators are also due this week, including inflation data for May, although these releases are likely to be overshadowed by the Greek debt crisis.
Markets in the US and UK are closed today with some European markets shut on Thursday.
MONDAY
US Memorial Day market holiday and UK public holiday.
Indicators: UK Hometrack House Prices (May); Spanish Flash HICP (May).
Other: OECD hosts annual bank conference on Development Economics (to Wednesday).
TUESDAY
Indicators: EU-17 flash HICP (May) and unemployment (Apr); Irish household credit growth (Apr) and milk statistics (Apr); US Case Shiller house prices (Mar); UK land registry house prices (Apr).
Other: Ernst Young’s Economic Eye – summer 2011 economic forecast; speech by Christian Noyer of the ECB; Bank of Italy annual meeting.
WEDNESDAY
Meeting: Kenmare Resources agm (Shelbourne Hotel); Irish Continental agm (Gibson Hotel); Professional Negligence Lawyers Association conference (Radisson Blu Hotel, Golden Lane, D2).
Indicators: EU-17 Markit manufacturing PMI (May); Irish live register (May); ISM manufacturing PMI and vehicle sales (May); UK CIPS manufacturing PMI (May) and mortgage approvals (Apr).
Other: Wolseley interim management statement; speech by ECB president Jean-Claude Trichet (Aachen, Germany).
THURSDAY
Meeting: Tullow Oil Dublin shareholder meeting (Royal College of Physicians); Irish Funds Industry Association global annual conference, with Taoiseach Enda Kenny.
Indicators: Irish exchequer balance (May); US revised productivity (Q1) and factory orders (Apr).
FRIDAY
Meeting: Independent News Media agm (Aviva); Irish Insurance Federation’s annual lunch (Conrad Hotel, D2).
Indicators: EU-17 Markit services PMI (May); Irish area, yield and production of crops (2010); UK CIPS Services PMI (May).
