THE SPOTLIGHT this week will be on tomorrow's US presidential election. It is hoped that the outcome will help to remove some of the uncertainly that continues to cause volatility in global markets. Meanwhile, both the European Central Bank (ECB) and the Bank of England are expected to deliver rate cuts this week.
MONDAY
Japanese market holiday
Results: Ryanair.
Meetings: Orient-Express Hotels; Viacom; Weyco.
Indicators: EU manufacturing PMI (Oct); US vehicle sales (Oct), ISM manufacturing (Oct) and construction spending (Sept); UK CIPS manufacturing PMI (Oct)
Others: Launch of Design Week 2008 (National Gallery of Ireland, D2); Launch of Working with Arthritis by the Minister for Health Mary Harney (Fitzwilliam Hotel, D2); Taoiseach Brian Cowen to officiate at commencement of construction of new Merck Sharp Dohme Carlow facility (Dublin Road, Carlow); Minister for Lifelong Learning Seán Haughey to officiate at the FÁS presentation of Advanced Certificates (Croke Park Conference Centre).
TUESDAY
US presidential election
Results: Archer Daniels Midland; Associated British Foods; BG; BMW; Marks Spencer; Punch Taverns; Tesco; UBS.
Meetings: IIEA 2008 Irish Energy Outlook with Lawrence D Staudt, director of the Centre for Renewable Energy Dundalk IT; JD Wetherspoon agm.
Indicators: EU PPI (Sept); US factory orders (Sept); Irish exchequer balance (end Oct) and livestock slaughterings (Sept); OECD consumer prices; Reserve Bank of Australia interest rate announcement.
Others: Launch of exhibition by jewellery designer Peggy S Guinness (Sebastian Guinness Gallery, Temple Bar, Dublin); trading update from Balfour Beatty.
WEDNESDAY
Results: Cisco; FirstGroup; K-Swiss; Liberty International; Marsh McLennan; Pirelli; Revlon; Swisscom; Time Warner; Watson Wyatt.
Meetings: Redrow agm; IMI to host Create the Competitive Edge - Cultural Diversity : Driving Organisational Success.
Indicators: EU services PMI (Oct) and retail sales (Sept); Irish Live Register (Oct); US ADP employment (Oct) and ISM non-manufacturing (Oct); UK CIPS services PMI (Oct) and industrial production (Sept); Bank of Japan minutes of October 6/7th meeting.
Others: Trading updates from Allied Irish Bank, Cobham, Next and Pace.
THURSDAY
Results: Anheuser-Busch; Avis; Blockbuster; CB Richard Ellis; Heelys; Invensys; Latchways, Man; Millennium Copthorne; Qualcomm; Shanks; Société Generale;Smith Nephew; Tate Lyle; Toyota; Vedanta Resources; Walt Disney; Wincanton Trading.
Meetings: Ireland-China Association breakfast briefing Enterprise Ireland, Ireland-China Experience (AIB Bankcentre, Dublin); Dunelm agm.
Indicators: ECB interest rate announcement; US initial jobless claims (w/e October 31st) and labour costs (Q3); UK NIESR GDP estimate (three months to October); and Bank of England interest rate announcement; German Industrial orders (Sept); Japanese leading indicators (Sept).
Others: Trading updates from Old Mutual, RSA Insurance, Spirent, Tomkins and UTV; Chambers Ireland's Excellence in Local Government Awards (Crowne Plaza Santry, Dublin).
FRIDAY
Results: British Airways; Ford; Hornby Lafarge; Lok'nStor; Puma; Robert Wiseman Dairies; Sodexo.
Meetings: Albemarle Bond agm.
Indicators: Irish Live Register - additional tables (Oct); OECD composite leading indicators, foreign direct investment (2007) and greenhouse gas and acid precursor accounts for Ireland (1998 to 2006); US non-farm payrolls (Oct), pending home sales (Sept), wholesale inventories (Sept) and consumer credit (Sept).
Others: Trading update from Rentokil.
