THE SILLY season seems to have well and truly arrived, judging by this week’s light economic calendar. However, Thursday’s inflation figures for July will be of interest as they will reveal whether consumer prices fell for a second consecutive month.
The spotlight event on the corporate reporting front will be Bank of Ireland’s interim results on Wednesday. Brokers anticipate that the numbers will reinforce the bank’s recovery play story.
Packaging giant Smurfit Kappa is also due to release first-half results that day. Greencore will issue an interim management statement on Thursday.
MONDAY
Results: Dragon Oil; Qiagen.
Indicators: EMU Sentix investor confidence (August); Irish Bord Gais energy index (July); UK RICS house price balance (July); German current account and trade balance (June).
TUESDAY
Results: Buzzi Unicem; Gartner
Indicators: Irish industrial production and turnover (June); US non-farm productivity (second quarter), IBD/TIPP economic optimism (August) and Fed interest rate decision.
WEDNESDAY
Results: Bank of Ireland; Cisco Systems; Computershare; Smurfit Kappa.
Indicators: US IBD/TIPP economic optimism (August) and monthly budget statement (July); UK jobless claims change (July) and ILO unemployment rate (June).
THURSDAY
Results: ABI; Geberit; Prudential
Indicators: EMU industrial production (June) and ECB monthly report; Irish consumer price index (July); US import price index (July) and jobless claims (August 7th).
Other: Greencore interim management statement.
FRIDAY
Indicators: EMU GDP (second quarter); US consumer price index (July), retail sales (July), Reuters/Michigan consumer sentiment index (August) and business inventories (June); German GDP (second quarter); Swiss producer and import prices (July).
