Europe’s debt crisis will once more be in focus this week, with the markets taking note of European Central Bank President Jean Claude Trichet’s speech on Friday. Similarly, the crisis is likely to feature strongly at Friday’s IMF/World Bank annual summit.
In the US, the FOMC two-day policy meeting starting on Tuesday will be watched closely by the markets. Its announcement on Wednesday is not expected to include a move towards a third phase of quantitative easing, but it may include some form of stimulus measures.
At home, close attention will be paid to the second quarter GDP data which will be released on Thursday.
MONDAY
Results: French Connection Group; Harris Interactive Inc; Ocado Group
Meeting: ECB Governing Council member Jens Weidmann and EFSF Managing Director Klaus Regling to attend parliamentary hearing on the EFSF in the German Parliament (Berlin);
Indicators: US NAHB Housing Market Index (September); UK Rightmove House Prices (September)
Other: Release of the Report of the Comptroller and Auditor General on the Accounts of the Public Services 2010, together with the audited 2010 Appropriation Accounts; Release of European Court of Auditors report "Is
the EU agri-environment support policywell designed and managed?”
TUESDAY
Results: Debenhams
Meeting:US Federal Open Market Committee (FOMC) meeting; Breakfast briefing on electronic invoicing (Convention Centre, Dublin); Enterprise Ireland Finance for Growth workshop (East Point Business Park, Dublin); Wisdom Peer Mentoring, Women's Executive Network (The Irish Times, Dublin)
Indicators: Manufacturing Output Prices (August); Wholesale Price Index (August); US Housing Starts (August); German PPI (August)
Other: IMF releases World Economic Outlook; OECD launches Science, Technology and Industry Scoreboard 2011
WEDNESDAY
Results:JD Sports
Meeting: Final German Budget Committee Hearing on Greek Aid (Berlin); US FOMC policy announcement 19.15
(Irish time); Governing Council and General Council meeting of the ECB (Frankfurt); Business breakfast: Marketing to the Baby Boom (The Mansion House, Dublin); PRMIA free evening presentation on global equities (Deloitte offices, Dublin);
Indicators:External Trade (July); US Existing Home Sales (August); UK Nationwide Consumer Confidence; UIK PS Net Borrowing (August)
Other:IMF releases Financial Stability Report; Minutes of the Bank of England policy meeting (7-8 September) are published
THURSDAY
Results:Origin Enterprises
Meeting:Commercial and Company Law for Directors (Fitzwilliam Hotel, Dublin); IBM State of the Art Technology Roadshow (Fota Island Resort, Cork); The Crisis in Europe: Peter Sutherland (Institute of International and European Affairs, Dublin); The Debt Crisis: Exploring the Options (Mont Clare Hotel, Dublin)
Indicators:EU-17 Flash Markit Manufacturing PMI; EU-17 Industrial Orders (July); EU-17 Flash Consumer Confidence (September); GDP (Q2 2011); Balance of Payments (Q2 2011); Vital Statistics (Q1); US Leading Indicators (August); US Weekly Jobless Claims (w/e 17th September);UK CBI Industrial Trends Survey (September)
FRIDAY
Meeting:Bringing Retrofit to Market conference (Croke Park, Dublin); IMF/World Bank Annual Meeting (Washington DC, US); ECB President Jean Trichet to speak at Bretton Woods Committee's International Council (Washington DC, US)
Indicators: Building and Construction Production (Q2); French Business Climate Index (September); French Consumer Confidence (September);Italian Retail Sales (July);
Other: Publication of Foreign Direct Investment (2010))
