IT LOOKS set to be another tense week for markets as European leaders go down to the wire in their efforts to reach agreement on how best to tackle the euro zone debt crisis.
In the run-up to the weekend, hopes of a comprehensive deal being struck at a summit of EU leaders yesterday were waning.
It is likely that no final decisions will be adopted until a second summit, which is to be held by Wednesday at the latest.
The key Irish economic indicators due out over the coming days will be focused on the consumer, with retail sales, residential property prices and private sector credit figures all due for release.
MONDAY
Meeting:ICMA capital markets conference titled New challenges for European Capital Markets (Frankfurt).
Indicators:EU-17 Flash Markit PMI – manufacturing (October) and industrial orders (August).
Other: Quarterly Ernst Young rapid growth markets forecast.
TUESDAY
Results: Amazon.com; BP; Deutsche Bank; Saint-Gobain.
Meeting:Debate on key business issues facing Ireland (Four Seasons Hotel, Dublin 4); fourth meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Paris).
Indicators:Irish residential property price index (September); US Case Shiller house prices (August) and consumer confidence (October); German Gfk consumer confidence (November); French consumer confidence (October).
Other:Course on new Central Bank fitness and probity regulations; Chambers Ireland Network evening.
WEDNESDAY
Results:Lundin Mining.
Meeting:Customer loyalty seminar (Aviva Stadium).
Indicators:US durable goods (September) and new home sales (September); OECD economic survey of Brazil.
Other:Heineken trading update.
THURSDAY
Results: Banco Santander; Bristol Myers Squibb; Cardinal Health; Elan; Moodys.
Meeting:CPL Resources agm and egm (Fitzwilton House, Wilton Place, Dublin 2); Ictu launches pre-budget submission (Buswells Hotel, Dublin 2); Dublin Web Summit (RDS); Cork Chamber annual conference (Radisson Blu Hotel, Little Island); Vodafone Dublin Living Awards (Mansion House); William Fry breakfast briefing Stopping the Rot – Recent Developments in Anti-Bribery and Corruption Law in Ireland and the UK.
Indicators:EU-17 M3/3 month moving average (September), business climate (October) and economic sentiment (October); statistical yearbook of Ireland 2011; US advance GDP (quarter 3), initial jobless claims (week ending October 22nd) and pending home sales (September); German preliminary CPI (October).
Other:CSM interim management statement.
FRIDAY
Results:Aon; Biogen Idec.
Meeting:Free Leyton seminar on RD tax credits and grants.
Indicators:Irish household credit growth (September), retail sales index (September), trade statistics (June) and regional accounts for agriculture (2008-2010); US personal income/ consumption (September), employment costs (quarter 3) and Michigan sentiment (October); UK Gfk consumer confidence (October); French consumer spending (September).
