Business

Focus on main banks

This week: Markets will keep a close eye on reports from major banks about the impact of the subprime crisis this week.

Mon Nov 5 2007 - 00:00

This week:Markets will keep a close eye on reports from major banks about the impact of the subprime crisis this week.

Australia's biggest lender, National Australia Bank, is due to post its annual results on Friday and investors will be watching for any negative impact from the credit crunch.

The ECB's governing council meets this Thursday, but is not expected to alter the euro zone's interest rates. The Bank of England is also expected to keep rates on hold this week.

Monday 5th

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RESULTS:Burger King, Ryanair, Sun Microsystems, SWS Group.

INDICATORS:NCB purchasing managers' survey (Oct); US ISM, non-manufacturing (Oct).

OTHERS:Ibec press briefing to discuss why Ireland remains a location of choice for ICT and pharmaceutical firms (Dublin).

Tuesday 6th

RESULTS:Associated British Foods, Avis Bayer, Beiersdorf, BMW, Budget, Hugo Boss, InterContinental Hotels, K-Swiss, Marks & Spencer, Nortel Networks, Puma, Revlon, Tesco, Weight Watchers, Yell.

INDICATORS:Euro-zone PPI (Sept); Irish unemployment (Oct); US weekly retail sales (Nov 3rd).

OTHERS:China's biggest e-commerce firm, Alibaba.com, makes trading debut (Hong Kong).

Wednesday 7th

RESULTS:Cisco Systems, General Motors, Polo Ralph Lauren, Sara Lee, Shanks, Swisscom, Toyota, Virgin Media.

AGM:Glisten, JD Wetherspoon. INDICATORS: US productivity (Q3) and consumer credit (Sept).

OTHERS:Bank of England Monetary Policy Committee meeting (until November 8th, London), Reserve Bank of Australia policy rate meeting.

Thursday 8th

RESULTS:3i, BT, Carphone Warehouse, Euro Disney, Ford, Invensys, Invesco, Marsh & McLennan, Qualcomm, Siemens, Time Warner, Urban Outfitters, Walt Disney, Watson Wyatt.

INDICATORS:Irish CPI (Oct) and construction employment (Sept); Bank of England rate decision.

OTHERS:Trading updates from Rentokil Initial, TUI Travel; ECB governing council meeting.

Friday 9th

RESULTS:Allianz, IMAX, Integra LifeSciences, National Australia Bank, Warner Chilcott.

MEETINGS:Kenmare Resources egm, Dublin.

INDICATORS:Industrial production (Sept) and public-sector earnings (Q2).

OTHERS:EU trade commissioner Peter Mandelson and Charlie McCreevy, EU internal market and services commissioner, participate in Transatlantic Economic Council (Washington).

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