THE FOCUS this week will on Budget 2012 which will be unveiled over two days.
The euro zone crisis is likely to stay in the headlines, with market hopes of a bold solution emerging at Friday’s EU economic summit.
MONDAY
Meeting:Minister for Public Expenditure and Reform Brendan Howlin to present comprehensive expenditure report 2012.
Indicators:EMU PMI services (November), Sentix investor confidence (November) and retail sales (October); Irish PMI services (November) and Bord Gáis Energy index; US factory orders (October); UK PMI services (November).
Other: Launch of OECD regional outlook 2011; Italian prime minister set to announce budget measures.
TUESDAY
Meeting: Budget 2012 published.
Results:Greencore; Thyssenkrupp; Warner Music Group.
Indicators: EMU GDP (Q3); Irish overseas travel August (October); US IBD/TIPP economic optimism (November); UK Halifax house prices (November) and BRC retail sales monitor (November); German factory orders (November).
Other: Wolseley interim management statement.
WEDNESDAY
Meeting:Budget breakfast briefing hosted by Russell Brennan Keane (D4 Berkeley Hotel); Irish Tax Institute budget briefing (Radisson Blu Royal Hotel, Golden Lane).
Indicators:US consumer credit change and MBA mortgage applications; UK manufacturing production and industrial production; German industrial production (all October).
THURSDAY
Meeting:ECB governing council meeting, followed by interest rate announcement; EU leaders meet for an informal working dinner
Indicators:Irish consumer price index (November), vehicles licensed for first time (November) and estimates of capital stock of fixed assets (2010); US initial jobless claims (December 2nd) and continuing jobless claims (November 25th).
Other: Morgan McKinley to publish Irish Employment Monitor; Bank of England monetary policy committee to announce interest rate decision.
FRIDAY
Meeting: Karelian Diamond Resources agm (Conrad Hotel, D2); Associated British Foods agm (London).
Indicators:Irish industrial production and turnover (October) and information society and telecommunications in households (2009- 2011); US Reuters/Michigan consumer sentiment index (December); UK producer price index, trade balance and PPI – input (November); German trade balance (October) and wholesale price index and consumer price index (November).
Other:Summit of EU leaderst.
