STOCK MARKET trading will get off to a quiet start today with US exchanges closed for a public holiday. Market volatility is expected to return over the days ahead as investors continue to focus on euro zone sovereign risk.
Bank bonuses are likely to be in the spotlight this week – although not in Ireland for a change – as the US bank reporting season gets into full swing.
MONDAY
Martin Luther King market holiday in the US.
Meeting: Alan Ahearne speaking on four-year plan and bailout (Galway); Eurogroup meeting; French economy minister Christine Lagarde addresses forum on risks to global economy.
Indicators: Irish Ulster Bank Construction PMI (Dec); UK Rightmove House Prices (Jan); Japanese Consumer Confidence (Dec).
Other: Joint Aer Arann/Aer Lingus announcement of new Shannon route.
TUESDAY
Results: Apple; Citigroup.
Meeting: Business training firm Optimum Results to hold free seminar for SMEs aimed at helping them improve performance (Red Cow Moran Hotel); Ecofin meeting.
Indicators: US NY Fed – Empire State Index (Jan), TICS Capital Inflows (Nov) and NAHB House Builders' Sentiment (Jan); UK Nationwide Consumer Confidence (Dec), RICS House Price Survey (Dec), DCLG House Prices (Nov) and CPI (Dec); German ZEW Index (Jan); Japanese Tertiary Industry Index (Nov).
Other: Taylor Wimpey trading update.
WEDNESDAY
Results: eBay; Goldman Sachs; Wells Fargo; Xilinx.
Meeting: John Monks, general secretary of European Trade Union Confederation to speak at IIEA on European solidarity and the jobs crisis, South East Business Network (Tower Hotel, Waterford); Dublin Chamber of Commerce's Green Economy Forum with Byrne Wallace.
Indicators: EU-16 Current Account (Nov); Irish Vehicles Licensed for the First Time (Dec); US Housing Starts (Dec); UK Claimant Count (Dec); and Average Weekly Earnings (three months to November)
Other: ESRI launches quarterly economic commentary.
THURSDAY
Results: Google; Morgan Stanley.
Meeting: Wolseley agm; CB Richard Ellis briefing to Institute of Directors in Ireland on Irish property market outlook 2011; 2011 David Manley Emerging Entrepreneur Awards.
Indicators: ECB Monthly Bulletin and EU-17 Flash EC Consumer Confidence (Jan); Irish Consumer Price Index (Dec); US Initial Jobless Claims (w/e 15th Jan), Existing Home Sales (Dec), Leading Indicators (Dec) and Philadelphia Fed Business Survey (Jan); German PPI (Dec).
Other: Associated British Foods interim management statement, and trading statements from Tullow Oil, easyJet and Pernod.
FRIDAY
Meeting: Choices 2011 – free careers and education event (Aviva Stadium).
Indicators: German Ifo Index (Jan); UK Retail Sales (Dec); French Retail Sales (Dec).
Other: Fitch Ratings to host 2011 European Credit Outlook (London).
