Friday 15 December 2017

Week 15: Housing data will fuel building debate

Thursday’s update from the 2016 Census, with a profile of housing in Ireland, is likely to further fuel the debate around the accuracy of construction data and provide further pointers towards housing needs and habits. Stock Image: PA
Thursday’s update from the 2016 Census, with a profile of housing in Ireland, is likely to further fuel the debate around the accuracy of construction data and provide further pointers towards housing needs and habits. Stock Image: PA
Donal O'Donovan

Donal O'Donovan

All's quiet on the Irish earnings front this week, but there's a steady run of CSO data due - including external trade data tomorrow.

Thursday's update from the 2016 Census, with a profile of housing in Ireland, is likely to further fuel the debate around the accuracy of construction data and provide further pointers towards housing needs and habits. The CSO is also due to publish an updated Residential Property Price Index.

Elsewhere, the technology stocks rally is on the line this week as Netflix kicks off the earnings season for a sector that now accounts for more than a fifth of the value of US stocks.

Surges in Apple, Facebook and other Silicon Valley heavyweights have pushed the S&P 500 technology index 10pc higher so far this year, more than double the broader market.

The test for these companies is whether their profit growth is sufficient to justify their outsized share price gains.

Netflix, which reports late tonight, is expected to quintuple earnings per share. But with its stock up 43pc in six months, the valuation may be based more on sentiment than fundamental values.

Irish Independent

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