Thursday 8 December 2016

Quiet week of company results to be spiced up by flurry of economic data

Week 24

Published 13/06/2016 | 02:30

In the United States, some of the big figures to watch out for will come from companies including Oracle, which releases fourth-quarter numbers on Thursday.
In the United States, some of the big figures to watch out for will come from companies including Oracle, which releases fourth-quarter numbers on Thursday.

It's a quiet week for corporate results in Ireland and the UK, but there's plenty of global economic data to spice things up.

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There'll be plenty of interest in IAG's annual general meeting being held in Madrid this Wednesday. The airline group owns Aer Lingus, British Airways, Iberia and Vueling.

In the United States, some of the big figures to watch out for will come from companies including Oracle, which releases fourth-quarter numbers on Thursday.

China releases a batch of closely-watched figures today, including industrial production data, retail sales and new loans. The consensus is that industrial production in the country will have risen 5.9pc in May.

The anticipated release of that data contributed to world stocks slipping last Friday. German Chancellor Angela Merkel visits China this week.

Investors are also continuing to fret about a possible Brexit, with the vote now less than two weeks away. That upcoming referendum is also likely to have filtered through to UK economic data that's out tomorrow.

There'll also be key economic indicators for the Eurozone released by Eurostat. They'll include industrial production for April, employment, and inflation.

In the US, there will also be keenly watched data released. That includes May retail sales figures, due tomorrow. Industrial production numbers for May will be released on Wednesday, the same day as the Fed rate decision.

Irish Independent

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