After last week’s stock market meltdown, investors will be hoping that European authorities made progress over the weekend on agreeing a unified approach to tackling the debt crisis that threatens to engulf Italy and Spain.
Markets will also be closely watching US economic data due out this week for any indication as to whether or not the world’s largest economy is slipping back into recession.
MONDAY
Meeting: Greencore egm (Crowne Plaza Hotel, Santry)
Indicators: EMU Sentix Investor Confidence (Aug); Irish Ulster Bank Construction PMI (Jul) and Bord Gáis Energy Index (Jul); OECD Composite Leading Indicators; UK RICS Housing Price Balance (Jul) and BRC Retail Sales Monitor (Jul)
TUESDAY
Indicators: US Fed Interest Rate Decision and Conference, IBD/TIPP Economic Optimism (Aug) and Unit Labour Costs (Q2); UK Manufacturing Production (Jun), Industrial Production (Jun), NIESR GDP Estimate (Jul) and Trade Balance - non-EU (Jun); German Current Account (Jun) and Trade Balance (Jun)
Other: Launch of Shannon Development 2010 Annual Report (Strand Hotel, Limerick); ECB announces a supplementary long-term refinancing operation(allotment on Aug 10th)
WEDNESDAY
Results: CSM; Dragon Oil; Smurfit Kappa
Meeting: Business breakfast with marketing expert Professor Stephen Brown (National College of Ireland)
Indicators: Irish Industrial Production & Turnover (Jun) and Vehicles Licensed for the First Time (Jul); US Monthly Budget Statement (Jul), Wholesale Inventories (Jun) and MBA Mortgage Applications (Aug 5th); UK BoE's Quarterly Inflation Report and Governor King Speech; German Consumer Price Index (Jul)
Other: International Energy Agency publishes monthly oil market report (Paris)
THURSDAY
Results: Zurich Financial Services
Indicators: ECB Monthly Report; Irish Consumer Price Index (Jul) and Prodcom Product Sales (2010); US Trade Balance (Jun) and Initial Jobless Claims (Aug 5th); UK CB Leading Indicator Index (Jun); German Wholesale Price Index (Jul)
Other: United Drug interim management statement
FRIDAY
Indicators: EMU Industrial Production (Jun); US Retail Sales (Jul), Reuters/Michigan Consumer Sentiment Index (Aug) and Business Inventories (Jun)
