This Week

ALL EYES will be on the National Treasury Management Agency (NTMA) tomorrow as it seeks to raise €1.5 billion on the market through its monthly bond auction.

It is likely that the agency will have to pay a higher premium than in previous monthly sales after markets responded negatively to the ESRI report that Ireland’s budget deficit could be as high as 19.75 per cent of GDP this year.

MONDAY:

Results: IBM (Q2); Bord na Móna; Aventis; Delta Airlines; Electrolux; Ford Motor Company; Halliburton; Hasbro; Texas Instruments; Prize Bond Company (H1).

Meeting: Icon agm (Dublin).

Indicators: EMU current account (May); EMU construction output (May); US housing market index (Jul); ECB portfolio investment (May).

Other: Taoiseach Brian Cowen and Minister for Agriculture Brendan Smith launch new strategy for the development of the agrifood and fishing industry, Celbridge, Co Kildare; Ryanair in court to request Judge Peter Kelly's removal from further cases.

TUESDAY

Results: Ryanair (Q1); Biogen (Q2); Apple; Biogen Idec; Christian Dior; Goldman Sachs; Harley-Davidson; Johnson Johnson; Mercantile Bank Corporation; PepsiCo; State Street; Whirlpool; Yahoo; Laurent Perrier (Q1); William Hill.

Meeting: Sudzucker agm (Mannheim, Germany).

Indicators: Germany Producer Price Index (Jun); UK money supply (Jun); UK public sector borrowing (Jun); US building permits (Jun); US housing starts (Jun); US ABC/Washington Post consumer confidence.

WEDNESDAY

Results: Abbott; Altria Group; eBay; Fiat; GlaxoSmithKline; Morgan Stanley; Qualcomm; Stanley Black Decker; Starbucks; Swedish Match; Telenor; The Coca-Cola Company; Wells Fargo.

Meeting: Meeting of Joint Committee on Finance and the Public Service to discuss Nama and the banking crisis (Dublin).

Indicators: US crude oil stocks; US mortgage applications.

THURSDAY

Results: Dragon Oil trading statement; Elan USc (Q2); Siteserv (full year); Amazon.com (Q2); 3M; American Express; ATT; Bristol-Myers Squibb; Capital One; Caterpillar; Chubb; Credit Suisse; Microsoft; Nokia; Philip Morris; The New York Times; SanDisk; UPS; Pernod Ricard; Volvo; Roche; SABMiller; Kingfisher; Imperial Tobacco.

Meetings: Trintech agm (Dublin); Zamano agm (Dublin); Cloud Consulting seminar (Dublin); ECB Governing Council meeting (Frankfurt);

FRIDAY

Results: Akzo Nobel; Ingersoll-Rand; Kimberly-Clark; McDonald's; Verizon; Britvic; Vodafone; Saab.

Meeting: Minister for Foreign Affairs Micheál Martin will speak at business outlook breakfast briefing at the Blue Haven Hotel, Kinsale; European bank stress test results disclosed (Frankfurt).

Indicators: Irish external trade (April - preliminary); UK GDP (Q2); UK index of services (May); Germany IFO business climate/expectations (Jul).