THE LATEST Permanent TSB/ ESRI house price index is due for release today.
The index, which is for the first six months of 2008, is likely to show a further decline in residential property values as the housing market continues to stagnate. This will be welcome news for aspiring homeowners, but will do little to buoy the spirits of hard-pressed homeowners.
On Friday, the construction employment index for June will be published, and will no doubt reflect the rapid contraction in this troubled sector of the economy.
Today
Results: American Apparel; BearingPoint; Mapeley; Napster; Smurfit Kappa; Valspar; Workspace.
Meetings: Total Systems agm
Indicators: Irish Permanent TSB house price survey; US export inspections and crop progress; UK producer prices (July) and external trade (June); Germany wholesale prices (July); French industrial output (June); Italian CPI (July).
Other: Deutsche Lufthansa July traffic figures; trading update from Southern Cross Healthcare.
Tomorrow
Results: Aareal Bank; Bilfinger Berger; Celsio; Applied Materials; Collins Stewart; Estée Lauder; InterContinenal Hotels; The TJX Companies; Time Warner Telecom; Thomson Reuters; UBS; Urban Outfitters; Watson Wyatt Worldwide.
Meetings: Mulberry agm.
Indicators: US external trade, ICSC weekly chain store sales, Johnson Redbook retail sales index, ABC/Washington Post consumer confidence (August 10) and federal budget (July); UK consumer price index (July), BRC retail sales (June), DCLG house price index (June) and retail price index (July); French consumer price index (July) and current account (June); Japanese consumer confidence (July), industrial output (June) and corporate goods price index (July).
Other: Iberia July traffic results; WH Smith pre-close trading statement; interim management statement from United Drug; launch of Dublin Port company's 2007 Annual Report and trading update for first half of 2008.
Wednesday
Results: Arcandor; Balfour Beatty; Bluefly; Interserve; Lundin Petroleum; Macy's; Zurich Financial Services; Swisscom
Indicators: EU industrial output; Irish national income and expenditure 2007; US retail sales (July); UK unemployment (June), Bank of England inflation report (Q2) and average earnings excluding bonuses (June); Spanish consumer price index (July); Japan's GDP (Q2), current account (June) and external trade (June).
Other: Interim management statement from Anglo Irish Bank; trading update from British Energy and Thomas Cook.
Thursday
Results: Elizabeth Arden, Estée Lauder, Logica, Nordstrom, Psion, Urban Outfitters, Wal-Mart.
Meetings: Petroceltic agm (Herbert Park Hotel, Ballsbridge); Petroneft agm and egm
Indicators: EU GDP (Q2) and HICP (July); European Central Bank monthly bulletin; Irish industrial disputes (Q2); US consumer price index (July), money supply (w/e August 4th), export sales and jobless claims (August 9th); German consumer price index (July) and GDP (Q2); French GDP (Q2); Spanish GDP (Q2); Japanese tertiary index (June).
Other: Trading update from Bellway
Friday
Public holiday in Italy and Japan
Results: Abercrombie Fitch, JCPenney, Readymix, Vestas Wind Systems.
Indicators: Irish index of employment in construction (June); US Empire State PMI (August), industrial production and capacity utilisation (July), University of Michigan consumer confidence index (August) and TICS (June).
