MARKETS WILL be keeping a close eye on the ECB’s press conference this Thursday. While interest rates are expected to remain unchanged for the moment, a quarter percentage rate hike is expected in July. On the domestic front, the focus will be on the consumer this week, with inflation data for May due out, as well as house price figures for April.
MONDAY
Bank holiday
Meeting: International Economic Forum of the Americas (to Thurs)
Indicators:EU-17 Sentix Investor Sentiment (Jun) and PPI (Apr)
Other: Launch of the OECD's African Economic Outlook 2011
TUESDAY
Meeting: Official opening of the National Franchise Centre (Limerick); Elan to present at the Jefferies 2011 Global Healthcare Conference; G20 meeting on nuclear energy
Indicators: EU-17 Retail Sales (Apr); Irish Residential Property Price Index (Apr); US Consumer Credit (Apr); UK BRC Retail Sales (May); German Industrial Orders (Apr)
Other: Trading updates from Origin Enterprises and Aryzta
WEDNESDAY
Meeting: Aminex agm (The Westbury Hotel, D2); Minister for Enterprise Richard Bruton launches Enterprise Ireland's annual high potential start-up showcase "The Start-Up Class of 2010"; European Business Ethics Networks annual research conference "Does Integrity Matter?" (TCD)
Indicators: EU-17 GDP Details (Q1); Morgan McKinley Irish Employment Monitor (May); US Federal Reserve Bank Publishes Beige Book
Other: Opec meeting
THURSDAY
Meeting:African Eagle agm (London); Saint-Gobain agm (Paris)
Indicators:ECB interest rate announcement, press conference and forecasts; Irish Consumer Price Index (May); US International Trade Balance (Apr), Initial Jobless Claims (w/e June 4th) and Wholesale Inventories (Apr); UK Trade Balance (Apr) and BoE interest rate announcement
Other: Official opening of the NIBRT facility by Minister for Enterprise Richard Bruton (Blackrock, D4); Launch of major UCD study – "The Importance of Agriculture and the Food Industry To the Irish Economy"
FRIDAY
Meeting:Petroceltic agm and egm (Westin Hotel); Dublin Web Summit - keynote speakers include serial tech entrepreneur Morten Lund (RDS)
Indicators: Irish Industrial Production and Turnover (Apr) and Vehicles Licensed for the First Time (May); US Federal Budget (May) and Export/Import Prices (May) UK Industrial Production (Apr); German Final CPI (May)
Other: Central Bank to release statistics on emergency loans to Irish banks, and Irish banks borrowings from the ECB
