THE WEEK AHEAD
COMPANY NEWS
● Gulfsands Petroleum, Highland Gold Mining and Petra Diamonds all announce today. All are looking for strikingly good results.
● Tomorrow, the UK-listed holding company of the Carnival group – the world’s largest cruise ship operator is dual-listed in New York and London – announces. It will be hoping for smooth sailing.
● Dolphin Capital Investors, GeoPark and Faroe Petroleum also announce tomorrow. The latter is an independent oil and gas company focusing principally on opportunities in the Atlantic Margin, the North Sea and Norway.
● JD Sports Fashion announces on Wednesday. Undeterred by London’s riots, the company is looking to expand into France, a country not indisposed to civil unrest itself.
● On Thursday, Green Dragon Gas and Indus Gas announce. Both gas giants will be looking for solid results, pointing towards liquid balance sheets.
● Cove Energy announces on Friday. Its primary activity is mineral exploration. In 2004 it acquired exclusive rights to platinum and nickel data in a geochemical database of around 140,000 targets covering Sweden, Finland, Norway and Ireland.
ECONOMICS
● On Wednesday, Nationwide’s consumer confidence statistics for the UK are released. Since June it dropped from 55, to 51 in July and 49 in August.
● Early tomorrow, the Reserve Bank of Australia releases its minutes. The Federal Reserve will announce its decision on rates later and in the evening chairman Ben Bernanke will deliver his press conference. Also released tomorrow are Germany’s producer price index for August and the ZEW surveys of economic sentiment for Germany.
● September’s monetary policy minutes will be released on Wednesday.
POLITICAL NEWS
● Today, officials representing Greece’s creditors are in Athens to decide if they should bear the gift of €8bn of the rescue funds to keep the country moving.
● In the US today, President Obama will present his recommendations for cutting federal budgets to the congressional super-committee – made up of six Republican and six Democratic lawmakers.
● On Thursday, Prime Minister David Cameron will address the Canadian Parliament. He is likely to talk on Libya, deficit reduction and the Eurozone crisis.