AS CONCERNS over euro zone sovereign risk pick up once again, Ireland is likely to be in the spotlight tomorrow, with the National Treasury Management Agency (NTMA) due to auction as much as €1.5 billion of the 4 per cent January 2014 and 5 per cent October 2020 government bonds.
Demand is expected to be good but markets will be watching the yield that has to be paid as spreads widened out considerably last week.
MONDAY
Results:Aminex; China Mobile; Michael Page International.
Indicators:EU-16 Final HICP (Jul); US Empire State - NY Fed Manf. Index (Aug), TICs Net Capital Flows (Jun) and NAHB House Builders Sentiment (Aug); UK Rightmove House Prices (Aug).
Other: Minister for Food Brendan Smith will open new €12 million mushroom-growing facility which will generate 150 new jobs (Monaghan Mushrooms headquarters); Launch of ESB eCars Electric Car Charge Point (Galway).
TUESDAY
Results:Analog Devices; Carlsberg; Wienerberger
Indicators:EU-16 Current Account (Jun); US Housing Starts (Jul), PPI (Jul) and Industrial Production (Jul); UK CPI (Jul); German ZEW Index (Aug).
Other:Irish Bond Auction.
WEDNESDAY
Results:Regus.
Indicators:Bank of England minutes of Aug 4th/5th MPC meeting.
THURSDAY
Results:Cineworld; Dell; Gap; Hewlett-Packard; Holcim.
Indicators:Irish Vehicles Licensed for the First Time (Jul); US Initial Jobless Claims (w/e 14th Aug), Leading Indicators (Jul) and Philly Fed Business Survey (Aug); UK PS Net Borrowing (Jul), Retail Sales (Jul) and CBI Industrial Orders (Jul); German PPI (Jul).
