ECONOMISTS ARE awaiting this Friday’s retail sales figures with interest, and will be watching out for signs that the decline in consumer spending slowed further in May.
Further afield, the quarter two reporting season continues in the United States, with companies such as Goldman Sachs, JPMorgan Chase and Google due to report earnings this week.
TODAY
Results:Novellus Systems; Royal Philips Electronics.
Meeting:IEEE international conference on global software engineering (University of Limerick); US treasury secretary Timothy Geithner meets Gordon Brown and Alistair Darling for discussions on efforts to restore global growth (London).
Indicators:Irish construction PMI (June); US federal budget; OECD harmonised unemployment rates.
Other:Trading updates from Dunelm and Experian.
TOMORROW
Results:Goldman Sachs; Intel; Johnson Johnson
Meeting:British Airways agm
Indicators:Irish overseas travel (May); US retail sales (June), producer prices (June).
Other:Trading statement from Glanbia; launch of OECD economic survey of Brazil; financial services ombudsman to publish details of significant findings relating to banking and insurance complaints; launch of Irish Nightclub Industry Association's report, Economic and Social Impact Assessment of the proposed regulation of the Nightclub Industry in Ireland, by Dr Constantin Gurdgiev (Buswells).
WEDNESDAY
Results:Abbott; Fred Olsen Energy; Xilinx.
Meeting:Enterprise Ireland to publish its annual report and accounts for 2008 – with Tánaiste Mary Coughlan (Shelbourne Hotel); BT and Sainsbury's agms.
Indicators:EU HICP (June); US mortgage market index, refinancing index, consumer prices (June), real earnings (June), FOMC minutes and industrial output (June).
Other:Publication of Irishjobs.ie monthly online jobs index; launch of OECD's Russian economic survey; trading updates from Blacks Leisure, JD Wetherspoon, Land Securities and Northern Foods.
THURSDAY
Results:Datalink; Electrolux; Google; Harley-Davidson; JPMorgan Chase; Marriott International; Nokia; Novartis; Polaris; PPG; Sonoco.
Meeting:Elan agm (Davenport Hotel, D2); Zamano agm (Conrad Hotel, D2); ECB governing council.
Indicators:Irish household travel Survey (Q1); US jobless claims (w/e July 11th).
Other:Trading updates from Mitchells Butlers and Mothercare.
FRIDAY
Results:Bank of America; Citigroup; General Electric; Mattel.
Meeting:Cable Wireless agm.
Indicators:EU trade balance (May); Irish retail sales index (May) Other: Trading update from Electrocomponents and Pernod Ricard.
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