This promises to be a busy week in terms of economic newsflow, with the latest exchequer returns, retail sales, live register and PMI figures all due out. Meanwhile the ECB meets on Thursday to discuss monetary policy but interest rates are expected to be left unchanged at 1 per cent.
MONDAY
Bank Holiday
Results:
Audi
Indicators:
EU-16 Markit manufacturing PMI (Apr); Irish manufacturing PMI (Apr); US personal income (Mar), construction spending (Mar), IS manufacturing (Apr) and vehicle sales (Apr).
TUESDAY
Results:
Archer Daniels Midland; Domino’s Pizza; Holcim; Marsh & McLennan; Pfizer; Wienerberger.
Indicators:
EU-16 PPI (Mar); Irish New Car Sales (Apr); US factory orders (Mar) and pending home sales (Mar); UK CIPS manufacturing PMI (Apr), consumer credit (Mar) and mortgage applications (Mar); German retail sales (Mar); OECD consumer prices.
Other: Interim management statement from Aer Lingus.
WEDNESDAY
Results:
Garmin; Lufthansal Lafarge; Statoil; Symantec; Time Warner.
Meeting:
CRH agm (Royal Marine Hotel); Dragon Oil agm (London); Kerry Group agm (Tralee); New Opportunities In Investment breakfast seminar (Merrion Hotel); Chartered Accountants Leinster Society lunch with Nama chairman Frank Daly; Joint Oireachtas Committee on Finance meeting on Nama and the banking crisis.
Indicators:
EU-16 Markit services PMI (Apr) and retail sales (Mar); Irish services PMI (Apr) and Exchequer returns (Jan-Apr); US ADP employment (Apr) and ISM non- manufacturing PMI (Apr); UK nationwide consumer confidence (Apr).
Other:
Trading update from Prudential.
THURSDAY
British general election.
Results:
Alcatel-Lucent; BNP Paribas; Hewitt Associates; Kraft Foods; Smith & Nephew; Zurich Life Ireland.
Meeting:
Chartered Accountants Ireland Annual Conference (to 7th); Bord Bia hosts food and drink summit (Farmleigh House); Ireland US Council to hold annual spring business lunch (Four Seasons, D4); Lloyds Banking Group agm.
Indicators:
ECB interest rate announcement; Irish consumer confidence (Apr); US initial jobless claims; UK CIPS services PMI (Apr); German industrial orders (Mar).
Other: Interim management statement of Diageo.
FRIDAY
Meeting:
ISME annual lunch – guest speaker Alan Dukes (Shelbourne Hotel); Network Cork 2010 women in business awards; Smurfit Kappa agm (Conrad Hotel, D2).
Indicators:
Irish live register (Apr) and retail sales index (Mar); US non-farm payrolls (Apr) and consumer credit (Mar); UK PPI Input (Apr); German industrial production (Mar).
Other:
Trading updates from HSBC and Royal Bank of Scotland
