After a week of extreme stock market volatility, Europe’s sovereign debt crisis is likely to remain centre stage this week, with French president Nicolas Sarkozy and German chancellor Angela Merkel due to meet tomorrow to discuss changes to governance in the euro zone.
On the corporate front, interim results are due from CRH and Kerry Group in the coming days.
MONDAY
Results:Michael Page International.
Indicators:US Net Long-Term TIC Flows (June), NAHB Housing Market Index (August) and NY Empire State Manufacturing Index (August); Chinese M2 Money Supply (July) and FDI (July).
Other:Gaelectric to announce significant wind energy contracts with Chinese industrial giant XEMC; "Getting Irish Business Online" DCEB training course.
TUESDAY
Results: CRH; Dell; Geberit.
Meeting: Sarkozy and Merkel meet to discuss euro zone governance amid persistent doubts over Europe's ability to solve its sovereign debt crisis (Paris).
Indicators: EMU GDP (Q2) and Trade balance (July); US Import Index (July), Housing Starts (July), Building Permits (July) and Industrial Production (July); UK DCLG House Price Index, Retail Price Index (July) and Consumer Price Index (July); German GDP (Q2).
WEDNESDAY
Results: Carlsberg; Kerry Group; Wienerberger.
Indicators:EMU Current Account (June) and Consumer Price Index (July); US MBA Mortgage Applications (August 12th), Producer Price Index (July) and EIA Crude Oil Stocks Change (August 12th); UK Claimant Count Rate (July), ILO Unemployment Rate (June), Average Earnings excluding Bonus (June) and BoE minutes.
THURSDAY
Results: Holcim.
Indicators:Irish Wholesale Price Index (July); US Initial and Contin-uing Jobless Claims, Consumer Price Index (July), Leading Indicators (July), Philadelphia Fed Manufacturing Survey (August) and Existing Home Sales (July); UK Retail Sales (July).
FRIDAY
Meeting:Spanish cabinet meets to consider new austerity/reform measures.
Indicators:Irish National Employment Survey (2008 and 2009); UK Public Sector Net Borrowing (UK); German Producer Price Index (July).
