Week preview --- Paul (slow)
Asia Pacific --- Gino (slow)
>> among the highlights, daimler-chrysler, b.p., shell, deutsche bank, glaxosmithkline. by friday more than half the companies in the dow jones stocks 50 european index with reports a good indication of where corporate profits were headed. oil grabbed the headlines. crude oil future at or above $40 a barrel. and there are problems at ukos and there is no sign that strong demand or other capacity shortages are going away. b.p. and shell report both on thursday, plus in the u.s. we complete the big three with exxonmobil. also on thursday, b.h.p., the world’s biggest mining company, has production figures out. merrill lynch has said these companies’ stock could rise up to 20% over the second half boosted by continuing demand from china. on monday, fiat’s net loss is expected to have widened. thats a down prince cally due to the cost of reorganization. that is likely to herald another week of mixed fortunes. later in the week, peugeot, renault, and daimler-chrysler report. as well as on monday, we have the mobile tell com italia. and in the u.k. itself, aggregate industries and pearson and reckitt. and the second largest bank will probably say profit rose 2.6% at bbva. and bb v.c.r.a’s return to operating profit this year by improving sales of credit cards in mexico and mortgages, all company loans and insurance. and second quarter earnings from farmer, advanced vision, and wincor. quite a week in europe.
>> paul george in the london bureau.
>> meanwhile, shaping up to be a busy week in asia. for a preview of the action, we go to our tokyo news room.
>> in the new week in the asian pacific region on monday, they release export growth probably picked up in june for china. out on wednesday are australian consumer prices. it probably rose 0.6% in the second quarter from the previous three mostly sunnies with an easing of drought conditions lowered food prices. and the rising dollar reduced the cost of imports. obon thursday t new zealand fed governor may raise it to 6% as consumer spending boosts the economy and inflation accelerates for the top of the 1-3% target band. also out on thursday are factory production that gained for a third month in june as exports surged. japan releases industrial production figures on thursday. production probably rose according to the median forecast in a bloomberg survey. companies are boosting production to meet rising demand at overseas for flat panel televisions and other digital product. australia ya will report its trade balance numbers for june. it may have narrowed as companies like excel and other benefits from rising prices and stronger demand. and friday a number of data out of japan for the jobless rate for june. it probably fell nationwide in june. some of the corporate earnings out in the new week, japan’s biggest chip maker will probably say profit rose in the first quarter. mobile phones and other electronic device mace still demand semiconductors. on thursday the world’s third largest mining company rio tinto may say a 50% gain in first half profits has benefits from higher prices for commodities such as iron ore and coal. asian automakes like hyundai and nissan report earnings in the coming week. nissan, japan’s second biggest car maker l announce quarterly results for the first time. and korea’s hyundai bay post a drop in income because of higher costs of steel and marketing expenses. on friday t world’s second largest mobile company will probably report a first quarter profit decline for doco mrk o. and that is a look at the week ahead in the asia pacific region. now back to you.
>> gino tanny. relations between the national hockey league and the players union have been on ice for most of the summer. will they be able to come to a thaw and reach the labor agreement? stay tuned. we’ll have money and sport whence we come back on the “world financial report.”
