With US monetary policy a key focus at the moment, markets will be paying particular attention to the Federal Reserve’s latest Beige Book which is due out on Wednesday.
The Irish calendar is relatively light this week in terms of economic indicators apart from Thursday’s external trade figures which are expected to show a strong positive balance for August.
TODAY
Results:
Apple; Citigroup
Meeting:
Minister for Enterprise Batt O'Keeffe and IDA to make significant investment announcement (Hotel Ballina); Minister for Health Mary Harney to speak at ESB ElectricAid Ireland funding initiative; launch of The Poor Cant Pay – time to make a commitment campaign video (Filmbase, Temple Bar); Minister for State Martin Mansergh to give speech How to Cut Public Spending (Politeia, London); European Round Table on poverty and social exclusion (Brussels); Irish Taxation Institute hosting tax debate - Feargal O'Rourke PWC, David Begg ICTU, Prof Karl Whelan UCD to take part (RCPI, Kildare St)
Indicators:
US Industrial Production (Sept) and NAHB House Builders’ Sentiment (Oct); UK Rightmove House Prices (Oct)
Other:
Lord Mayor of Cork Michael O’Connell and Jerry O’Sullivan (MD ESB) to launch electric car charge point in Cork; release of Cisco Broadband Quality Study 2010
TOMORROW
Results:
Bank of America; Bank of New York Mellon; Bellway; Boston Scientific; Coca Cola; Domino’s Pizza; EMC; Forest Laboratories; Goldman Sachs; Johnson & Johnson; Lockheed Martin; Yahoo
Meeting:
Harvard Professor Robert Kaplan speaks about how to manage your business out of recession (Chartered Accountants House, D2); Engineering Ireland Conference; HBAN Investors Masterclass; Donal Casey and David Malone to give keynote address at Dublin Chamber of Commerce Pensions In Ireland - funding your future; The Carbon Disclosure Project to announce 2010 Report for Ireland; CIMA CPD Academy annual meeting - keynote speakers include Paul Appleby, Padraig O'Ceidigh, Dr. Chris Horn (RCPI)
Indicators:
EU-16 Current Account (Aug); US Housing Starts (Sept); UK CBI Industrial Orders (Oct); German ZEW Index (October)
WEDNESDAY
Results:
E*Trade Financial; eBay; Edwards Lifesciences; Morgan Stanley; TomTom; Trinity Biotech; Wells Fargo
Meeting:
Minister for Finance Brian Lenihan to address IBF national conference 2010 (Radisson BLU Hotel, Golden Lane); Enterprise Ireland’s Big Ideas Showcase (Croke Park); Sean Malone of MABS to give talk
Indicators:US Federal Reserve Bank Publishes Beige Book; UK BoE Monetary Policy Committee Minutes of October 6/7 Meeting; German PPI (Sept)
Other:ESRI quarterly economic commentary (Autumn 2010); Dragon Oil interim management statement; CSO Statistical Yearbook of Ireland 2010 to be released; UK Government spending review announcement
THURSDAY
Results:Akzo Nobel; Amazon.com; AT&T; Caterpillar; Debenhams; Eli Lilly; Fiat; GlaxoSmithKline; Icon; Nokia; Novartis; Pernod Ricard; Saint-Gobain; SanDisk; Xerox
Meeting:Entrepreneurship in the Mid-West event (Thomond Park); Developments in Digital Marketing seminar (UCD Michael Smurfit Graduate Business School); ICOS National Conference (Citywest); How do we manage and fund dairy expansion?
Indicators:EU-16 Flash PMI (Oct); Irish External Trade (Aug) and Earnings and Labour Costs (Q1- Q2); US Initial Jobless Claims (w/e 16th Oct), Leading Indicators (Sept) and Philly Fed Business Survey (Oct)
Other:Britvic trading update
FRIDAY
Results:BSkyB
Meeting:G20 finance ministers meetings (to 23rd); TASC/FEPS autumn conference Towards recovery (Croke Park)
Indicators:Irish Service Exports and Imports (2008 and 2009) and Trade Statistics (Jun); German Ifo Index (Oct)
Other:Ideal Home Show; trading update from PartyGaming
