This Week


THIS WEEK brings a packed economic calendar, with the latest Live Register, exchequer balance and private-sector credit figures due to be released.

Markets will be looking for further signals that the economy is stabilising. On the corporate front, budget airline Ryanair reports its full-year results on Tuesday.

Although the week opens with a public holiday in the US and the UK, market conditions are set to remain volatile today as European sovereign debt fears remain to the fore.


US Memorial Day and UK Spring Bank Holiday


Meeting:ECB president Jean-Claude Trichet to address economic conference (Vienna).

Indicators:EMU M3 (Apr) and consumer confidence (May); Irish private sector credit (Apr) and agricultural price indices (Mar).

Other:Taoiseach Brian Cowen and IDA Ireland to announce investment; Minister for Foreign Affairs Micheál Martin to open ESB’s new power station in Cork; ECB vice presidency handover from Lucas Papademos to the president of the Bank of Portugal, Vitor Constancio.


Results: Northern Foods; Ryanair; Tesco.

Meeting:Petroceltic International agm (Herbert Park Hotel, Dublin); Crowning the Customer during the Recession seminar with Senator Feargal Quinn; European Business Awards (Four Seasons Hotel, Dublin).

Indicators:EMU unemployment rate (Apr) and PMI manufacturing (May); Irish manufacturing PMI (May) and new car sales (Apr); US ABC/Washington Post consumer confidence (May 30th), ISM manufacturing (May) and construction spending (Apr); UK PMI manufacturing (May); German unemployment rate (May) and PMI manufacturing (May).

Other:Launch of the Ernst Young Economic Eye summer forecast.


Results:New Look.

Meeting:Independent News Media agm (the Green Isle Hotel, Dublin); Internet Domain Registries Conference; Invest Ireland Conference 2010 (DCU Ryan Academy, Citywest, Dublin); Iberia agm.

Indicators:EMU producer price index (May); Irish Live Register (May) and exchequer returns (Jan-May); US MBA mortgage applications (May 28th), Challenger job cut (May) and pending home sales (Apr); UK mortgage approvals (Apr) and net consumer lending (Apr); Australian gross domestic product (Q1).

Other:Former Vivendi chief executive Jean-Marie Messier goes on trial in Paris charged with market manipulation and misuse of corporate funds.


Meeting:Best Workplaces Leadership Conference (Aviva Stadium, Dublin); Saint Gobain agm and egm.

Indicators: EMU retail sales (Apr) and PMI Composite (May); US ISM non-manufacturing (May) and ADP employment change (May); UK PMI services (May) and Nationwide house prices (May); German PMI services (May); Australian trade balance (May).

Other:British Airways passenger figures.


Results:G20 finance ministers meet (to 5th).

Meeting:EMU gross domestic product (Q1); Irish Live Register additional tables (May); US non-farm payrolls (May), unemployment rate (May) and average hourly earnings (May).