THIS WEEK looks set to bring even more bad news on the state of the economy, with live register figures expected to show that the dole queues grew even longer last month, and exchequer returns likely to reveal a deepening budget deficit.
Meanwhile, the European Central Bank (ECB) is expected to leave interest rates on hold when it meets on Thursday.
Market commentators expect that borrowers will have to wait until the first quarter of next year, at the earliest, for a drop in interest rates.
Today
US Labour Day Holiday.
Results:Guess; Vivendi; Bayer Schering Pharma.
Meetings:Creston agm.
Indicators:EU manufacturing PMI (Aug); Irish quarterly IBF/PwC mortgage market profile; UK mortgage applications (July), consumer credit (July), Hometrack house prices (Aug) and CIPS manufacturing PMI (Aug).
Tomorrow
Results:Hays; Newcourt; Veris.
Indicators:EU PPI (July); Irish Exchequer Returns (to end Aug); US construction spending (July) and ISM Manufacturing (Aug); Australian RBA rate announcement.
Others:The Commission For Aviation Regulation will launch the Travel Trade Review and formally open the consultation period; Young Farmer of the Year competition dinner (Newpark Hotel, Kilkenny); OECD Interim economic assessment of Europe, United States and Japan.
Wednesday
Results:Total Produce; Playtech; Signet.
Indicators:EU GDP (Q2), services PMI (Aug) and retail sales (July); Irish live register (Aug); US Factory Orders (July), Fed Beige Book and vehicle sales (Aug); UK CIPS Services PMI (Aug); Bank of Canada rate announcement.
Others:Psychometrics - What's Out There in terms of psychological measurements in the workplace? HR seminar (National College of Ireland, IFSC); Federal Reserve Bank of Boston president Eric Rosengren speaks on the state of the economy and the impact of the mortgage crisis on financial markets and economic growth (Manchester); Bank of England Monetary Policy Committee meeting (to Thursday).
Thursday
Results:Provident Financial.
Meetings:NTR agm (Westbury Hotel, Grafton Street).
Indicators:ECB rate announcement and revised staff economic forecasts; Irish QNHS pensions update; US ADP employment (Aug), Labour cost (Q2) and ISM non-manufacturing (Aug); Bank of England rate announcement; German industrial orders (July); French unemployment rate (Q2); Swedish Riksbank rate announcement.
Others:Book launch - Making Decisions on Money, author Mary O'Dea, Consumer Director, Office of the Financial Regulator (Alexander Hotel, D2).
Friday
Results:CPL Resources; Go-Ahead; JD Wetherspoon
Indicators:US non-farm payrolls (Aug); Irish live register geographic analysis (Aug) and national employment survey (Oct); German production (July)
Others:CB president Jean-Claude Trichet opens the Centre for Financial Studies' conference The ECB and its Watchers, followed by debates with participation from ECB executive member Juergen Stark (Frankfurt).
