THE IRISH market will be watching closely for any further developments in relation to the tentative approach made to AIB by Canadian Imperial Bank of Commerce.˜ In the US, markets will be keeping a close eye on releases that will provide valuable insight into the strength of the economy in July and August, including the NY Empire State manufacturing index and the Philly Fed index. Economists predict that both indicators will show modest improvement.
MONDAY
Results: Dragon Oil; Lowe’s; Michael Page International; Valspar.
Indicators: EU trade balance (Jun); US NY Empire state manufacturing index (Aug) and NAHB housing market index (Aug); UK Rightmove house prices (Aug); Japan’s GDP (Q2).
TUESDAY
Results: Cardinal Health; Hewlett-Packard; Home Depot; Readymix; Target; Wienerberger.
Indicators: US housing starts (Jul), producer price index (Jul) and building permits (Jul); UK consumer price index (Jul) and retail price index (Jul); German ZEW survey – economic sentiment (Aug); Canadian foreign investment in Canadian securities (Jul).
WEDNESDAY
Results: Gymboree; Phillips-Van Heusen.
Indicators: EU current account (Jun); US EIA crude oil stocks change; UK CBI industrial trends survey – orders; Bank of England to publish minutes of August 5th-6th monetary policy committee meeting; German producer price index.
Other: Ulster Bank economist Simon Barry publishes quarterly review of Irish economy.
THURSDAY
Results: Barnes Noble; Foot Locker; Gap; HJ Heinz; Holcim; Rio Tinto.
Meeting: Ormonde Mining agm (Conrad Hotel, D2).
Indicators: Irish wholesale price index (July); US jobless claims, leading indicators (July) and Philly Fed business survey (Aug); UK M4 money supply, public sector net borrowing and retail sales; Swiss ZEW survey – expectations and trade balance; Canadian wholesale sales.
Other: Speech by ECB board member Lorenzo Bini Smaghi.
FRIDAY
Results: SIG.
Indicators: EU Flash PMI – composite (Aug); US existing home sales (July).
