What now for bruised euro?

The battle of the euro may be over in Denmark but the effects of the blow to confidence in the currency may take time to sink…

The battle of the euro may be over in Denmark but the effects of the blow to confidence in the currency may take time to sink in. Some analysts say the reaction to the poll result was muted because traders fear if they drive down the euro too far the main central banks may stage another intervention in the market to prop up the currency.

The European Central Bank governing council meets on Thursday.

Closer to home Dunloe Ewart holds its e.g.m. on Wednesday and Abbey has its a.g.m. on Friday. Live Register figures for September will be released at the end of the week. The Federal Open Markets Committee will look at US rates at its meeting on Tuesday.

Meanwhile, an eclectic mix of companies will be reporting results in Britain this week, kicked off by Britain's largest football club Manchester United and Hit Entertainment, the company behind children's character Bob the Builder.

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United shares last week were booted up nearly 8 per cent on news it was close to striking a record-breaking £300 million sterling (€502 million) sponsorship deal with Nike, and the City will be looking for confirmation of the deal when the club reports its full-year results today.

Monday

Results: Hit Entertainment (year), Manchester United (year), Moss Bros (H1).

A.G.M.: Unilever (e.g.m.), Capital Bars (e.g.m.).

Indicators: Nationwide UK house price index (September), US construction spending (August).

Others: Presentation of details of Government transportation strategy and infrastructure plans; IST Mobile Communications Summit 2000, Corrib Great Southern Hotel, Galway.

Tuesday

Results: James Halstead (year), Alexandra (interim), Gameplay.com (year), MSB International (interim).

A.G.M.: Monsoon, Woolwich (e.g.m.).

Meetings: Federal Open Markets Committee meeting.

Others: Launch of Synergy eBusiness Incubator, Springvale Business Park, Belfast; Business leaders' forum, Leading Through Change: Staying Competitive and Managing Growth, with Prof Charles Handy and Prof Nicholas Negroponte, O'Reilly Hall, UCD; launch of ConciergeIreland.com, Bang Cafe, Merrion Row, Dublin.

Wednesday

Results: Mezzanine (year), GEO Interactive (H1), Vinci (H1).

A.G.M.: Dunloe Ewart (e.g.m.), Hydro-Dynamics, Jersey Phoenix Trust, Stewart & Wight, Elderstreet Downing (e.g.m.), Pennine AIM VCT (e.g.m.).

Meetings: Bank of England Monetary Policy Committee meeting, US National Women's Business Council/Milken Institute briefing - Economic Prosperity, Women and Access To Credit.

Indicators: Confederation of British Industry distributive trades survey (September), US factory orders (August).

Others: Official launch of Gensec Ireland by the Tanaiste, Ms Harney, Newman House, St Stephen's Green; seminar, Retention and Participation Through Employee Surveying, Hilton Dublin Hotel.

Thursday

Results: NXT (final), Bulgin (H1), Oce (Q3), SuezLyonnaise (H1).

A.G.M.: Black Arrow Group, Knowledge Management, Television Corp (e.g.m.).

Meetings: European Central Bank governing council; Joint Committee on Public Enterprise & Transport.

Indicators: US housing completions (August).

Others: Federal Reserve issues minutes of August 22nd Federal Open Markets Committee meeting; Bank of England Monetary Policy Committee to announce rates decision; fifth annual Northern Ireland Economic Conference, Galgorm Manor, Ballymena, Co Antrim.

Friday

A.G.M.: Abbey

Indicators: Live Register (September), UK industrial production.

Others: Merrill Lynch conference, European Investment Strategy Roadshow, Berkeley Court Hotel, Dublin.