THE ONGOING turmoil in global financial markets is certain to dominate again this week.
On the domestic front, the parlous state of the economy will continue to be a major talking point, with the Economic and Social Research Institute releasing its quarterly economic commentary tomorrow as it holds its annual budget perspective conference. The spotlight will return once again to the construction sector when building employment figures for August are released on Friday.
Meanwhile, retail sales figures for August, also due out on Friday, are expected to be weak. The latest inflation figures may provide a faint glimmer of hope, however, as they are likely to show further deceleration.
At the end of the week, the continuing uncertainty and its impact on Irish budgetary policy will be the focus of this year's Dublin economic workshop in Kenmare.
TODAY
Results: Waterman.
Meeting: Eurogroup of finance ministers meeting (Luxembourg); Bank of Japan monetary policy meeting (to Oct 7th, Tokyo).
Other: Ibec budget submission.
TOMORROW
Results: Alcoa; Michael Page International; Mouchel; N Brown; Yum! Brands.
Meeting: ESRI budget perspectives 2009 conference; Sovereign Wealth Funds conference - Golden Geese or the new locusts?(Brussels); Ibec HR conference (Four Seasons Hotel, Dublin); Reserve Bank of Australia (RBA) board meeting and interest rate decision.
Indicators: US consumer credit (Aug); British Industrial Production (Aug); German Industrial Orders (Aug).
Other: ESRI publishes quarterly economic commentary Autumn 2008; DKM economic consultants launches An Economic Assessment of a Regulated Casino Gaming Sector: Ireland 2008 - 2020; US Federal Reserve's open market committee releases minutes of September meeting; Bank of Japan interest rate announcement; ECB president Jean-Claude Trichet gives a keynote speech at Evian's world policy conference;
WEDNESDAY
Results: Monsanto; Costco Wholesale.
Meeting: Institute of Business Analysis and Consulting annual conference, From Business Support to Business Influencer(Davenport Hotel, Dublin).
Indicators: EU GDP (Q2); US pending home sales (Aug); German Industrial Production (Aug); Japanese Economy Watchers Index (Sept).
Other: US Federal Reserve Bank of Philadelphia president Charles Plosser speaks on central banking (New York); Trading updates from J Sainsbury, Thorntons and Speedy Hire.
THURSDAY
Results: CC; Chevron; Premium Bars and Restaurants; Robbins Myers; WH Smith.
Meeting: Irish Internet Association seminar, Broad Challenges to IT Security(Westbury Hotel, Dublin); The first all-island skills conference, Building Better Skills Together(Millennium Forum, Derry).
Indicators: ECB publishes its monthly bulletin; Irish consumer price index (Sept) and industrial production turnover (Jul); US wholesale inventories (Aug); British trade balance (Aug) and Wholesale Prices (Sept); Swiss National Bank (SNB) quarterly bulletin.
Other: Bank of England monetary policy committee announces interest rate decision; trading update from Greggs.
FRIDAY
Results: General Electric; Infosys.
Meeting: Annual meeting of the IMF and World Bank with participation of the OECD secretary general (Washington DC - to 13th); Dublin Economic Workshop 31st annual economic policy conference (Kenmare); Group of Seven (G7) finance ministers meet on turmoil wracking global financial market (Washington); Peterson Institute for International Economics and Bruegel conference, The Euro at 10: The Next Global Currency?(Washington).
Indicators: Irish industrial stocks (Q2), capital assets in industry (Q2), index of employment in construction (Aug), tourism and travel (Q2), retail sales index (Aug) and White Paper on receipts expenditure (2009) - Exchequer Borrowing; US export prices (Sept), international trade balance (Aug) and federal budget (Sept); French industrial production (Aug); Italian industrial production (Aug).
Other: Trading update from Admiral.
