A round-up of this week's main business events.
All eyes on ESB and Eirgrid amid annual results
The results season has begun again in earnest and on the domestic front ESB and Eirgrid's annual results should make for interesting reading, as will Enterprise Ireland's annual report, due out on Wednesday.
Today
RESULTS:Accident Exchange, Mattel, Novellus Systems.
INDICATORS:Eurozone HICP (June); Irish Household Travel Survey (Q1); New York Federal Reserve manufacturing index (May); British DLCG house prices (May); German consumer prices (June).
OTHERS:The European Union commissioner for economics and monetary policy, Joaquin Almunia, addresses the Fundación de Estudios Financieros conference on reform of European financial markets (Madrid); Bank of Italy board members speak before Italian senate on four-year economic plan, and Bank of Italy governor Mario Draghi testifies on medium-term economic forecast and government budget (Rome); trading update from Wolseley; Bank of Ireland study released into attitudes of 22/28-year-olds on life, money and spending (Morgan Hotel, Temple Bar, Dublin); EU commissioner Charlie McCreevy to deliver keynote speech at Public Affairs Ireland regulation conference (Conrad Hotel, Dublin).
Tomorrow
RESULTS:Datalink, Electrolux AB, Forest Laboratories, Intel, Johnson & Johnson, Novartis, State Street, Coca-Cola, Yahoo.
AGM:British Airways, JJB Sports, Land Securities, N Brown, Speedy Hire.
MEETINGS:Bank of Ireland's annual general court (O'Reilly Hall, UCD).
INDICATORS:Irish Retail Sales Index (May); US ICSC/UBS sales (w/e July 14th), producer prices (June), core PPI (June), Redbook sales (w/e July 14th), net capital inflows (June), industrial production (June), capacity utilisation (June), IBD consumer confidence (July), NAHB index (July), ABC/Washington Post weekly consumer confidence (w/e July 15th); UK HICP (June), retail prices (June) and RPI-X (June); German ZEW economic sentiment (July) and current conditions (April); Japanese tertiary activity index (May).
OTHERS:Signature of 2007-2008 memorandum of understanding on China-OECD environment co-operation; Federal Reserve Bank of Kansas City president Thomas Hoenig speaks on "Monetary Policy and the Economic Outlook" before a meeting of business leaders.
Wednesday 18th
RESULTS:ESB, Abbott Laboratories, Alliance Data, Delta Air Lines, eBay, JP Morgan Chase, Logitech International, Northern Trust, Pfizer, Southwest Airlines.
AGM:Northern Foods, Tate & Lyle.
INDICATORS:Eurozone trade balance (May), Irish trade balance (May), and area, yield and production of crops (2006); US mortgage market index (w/e June 13th), refinancing index (w/e July 13th), consumer prices (June), housing starts (June), building permits (June), EIA weekly oil stocks report (w/e July 13th) and real earnings (June); UK ILO unemployment rate (March-May), average earnings (March-May) and unit wage costs (March-May); Canadian consumer figures (June), leading indicator (June) and core CPI (June); Japanese leading indicator (May), coincident indicator (May).
OTHERS:Bank of England to publish minutes of its July 4th/5th monetary policy committee meeting; National Treasury Management Agency annual report for 2006 published (Treasury Building, Dublin 2); trading update from J Wetherspoon; Enterprise Ireland publishes annual report, to be attended by Pat Molloy, chairman of Enterprise Ireland board, chief executive Frank Ryan (above) and Minister for Trade, Enterprise and Employment Micheál Martin (Wellington Hotel, Dublin); Bank of Japan policy minutes.
Thursday 19th
RESULTS:NTR preliminary results, Eirgrid, Avocent, Banco Popular, Bank of America, Continental Airlines, Dow Jones, First Data, Google, Harley-Davidson, Horizon Financial, IONA. Technologies (Q2), Microsoft, Motorola, SanDisk, SAP AG, Bank of New York, the Nasdaq Stock Market, Wyeth, Xilinx.
AGM:Blacks Leisure, Mothercare, Amarin (London). MEETINGS: Newcourt EGM (A&L Goodbody, IFSC).
INDICATORS:Irish wholesale price index (June); US jobless claims (w/e July 14th), and continuing claims (w/e July 7th); UK retail sales (June), public sector net cash requirement (June), money supply and lending (June); German producer prices (June); Canadian wholesale trade (May); Australian labour force figures (June); Japanese Tankan DI (July) and all-industries index (May).
OTHERS:European Central Bank governing council meeting, but no interest rate announcements scheduled (Frankfurt); Bank of England monetary policy committee member Tim Besley to speak in London; trading update from Vodafone; Institute of European Affairs book publication, Who's Afraid of the ECJ? - Implications of the European Court of Justice Decisions on Ireland's Corporation Tax Regime, to be attended by the Minister for Finance, Brian Cowen (above); US Federal Reserve chairman Ben Bernanke on the Fed's semi-annual monetary policy report (Washington); US FOMC minutes.
Friday 20th
RESULTS:Boston Scientific, Caterpillar, Citigroup.
AGM:DCC (Four Seasons Hotel, Dublin 4), Cable & Wireless.
INDICATORS:UK GDP (Q2); Italian industrial orders (May); Australian sales of new motor vehicles (June) and labour market and related payments figures (June).
OTHERS:European Central Bank president Jean-Claude Trichet takes part in a panel discussion - "How can we increase growth potential in Europe?" - chaired by ECB governing council member Erkki Liikanen (Pori, Finland);
ECB governing council member Christian Noyer holds news conference on the Bank of France's annual report to the president of France (Paris); news conference on International Energy Agency studies; two OECD documents, Legal Aspects of Storing CO2 and Tracking Industrial Energy Efficiency and CO2 Emissions, published in Tokyo.
