REACTIONS TO the proposals published by “An Bord Snip Nua” last Thursday will no doubt continue to dominate the news this week, particularly as the economic calendar for the days ahead is quite light. The second quarter reporting season continues in the US and should give direction to markets.
MONDAY
Results:Boston Scientific; Domino's Pizza; Halliburton; Hasbro; Intrum Justitia; MT Bank.
Meeting:EU economic, monetary affairs committee meeting; Bank of Japan monetary policy.
Indicators:Irish vehicles licensed for first time (June); US leading indicators; German import price index.
TUESDAY
Results:Apple; Caterpillar; Coca- Cola; Continental Airlines; Elan; Forest Laboratories; Galiform; GlaxoSmithKline; Iberiabank; Icon; Lockheed Martin; Merck; QLogic; Schering-Plough; Southwest Airlines; Starbucks; State Street; ; Western Union; Yahoo
Indicators:UK public sector net borrowing; Bank of Canada interest rate decision.
Other:US Federal Reserve's Ben Bernanke testifies.
WEDNESDAY
Results: Bank of New York Mellon; Delta Air Lines; eBay; Eli Lilly; Genzyme; GlaxoSmithKline; IE Domain Registry; Morgan Stanley; PepsiCo; Pfizer; Qualcomm; SanDisk; Wells Fargo.
Meeting:Biofuels world conference (Japan)
Indicators:EU industrial new orders; US housing price index and EIA crude oil stocks change; UK Bank of England minutes and CBI industrial trends survey – orders; Canadian retail sales; Japanese merchandise trade balance; Australian consumer price index.
THURSDAY
Results:Amazon.com; Bristol- Myers Squibb; Chubb; Credit Suisse; EMC; McDonalds; Microsoft; NTR; Saint-Gobain; The New York Times; Wyeth; Xerox.
Meeting:Carphone Warehouse agm; Aminex agm; at UCD, major international conference: China and the Changing World Economy.
Indicators:EU current account; Irish wholesale price index (June) and agricultural price indices (May); US continuing jobless claims (July 11th) and initial jobless claims (July 18th); UK retail sales.
Other:Start-up Opportunities in Information Security event (Nova UCD); trading update from Easyjet.
FRIDAY
Results:Black Decker; Ingersoll-Rand.
Indicators:Irish national income and expenditure 2008 – detailed tables (1995-2008).
Other:Trading update from Vodafone.
