wall street in advance

February 2017  Economic Statistics
and Other Economic Influences

TUESDAYS:
                Weekly Chain Store Sales*
                 Average Hourly Earnings*
                 API Weekly Gas/Oil Stockpiles Report*  **
(4:30p.m.)
    WEDNESDAYS:
                
Mortgage Applications  Data
                 EIA Weekly Report on Gas & Oil Stockpiles* (10a.m.)
    THURSDAYS:
                 Weekly Unemployment Report*
                  Weekly Mutual Fund Flows*
                   Natural Gas Storage Levels* (a.m.)

 *Except Holidays    ** As of 1/09         All Dates Subject to Change:
Sunday,       Feb 19     OVERNIGHT into US Mon. a.m. et:
          Fed's Mester
on "View from the Federal Reserve" @Global Interdependence Center (GIC) Central Banking Series (Singapore  8:15pm et)
         New Zealand 16Q4 PPI, Jan Performance of Services
         RBA (Aussie) Meeting Minutes
         So. Korea Jan PPI
         Japan Jan. Trade Balance (Imports/Exports)+Jan Convenience Store Sales
         German FinMin Schauble & Belgian FinMin Overtveldt speak @Belgian Business Federation (Brussels)
         European Investment Bank VP Hudak meets reporters w/focus on Slovak Investments
         Eurozone Feb Consumer Confidence
         Swedish Central Bk Dpty Gov Skingsley talks about future forms of electronic payments Royal Swedish Academy of Engineering Sciences (Stockholm)
         UK Rightmove Feb House Price Index, & CBI Feb Selling & Total Trends
         Swiss Jan Money Supply
         German Jan PPI
Monday,     Feb 20 US & Canada Holidays
ALL US Markets Closed for Presidents Day
European Finance Ministers meet on Greece
(Brussels thru 02/21)
Canada Dec Wholesale Sales
Eurozone Feb (Adv) Consumer Confidence
    OVERNIGHT into US Tues. a.m. et:
         
Japan Nikkei Feb (Prel) Manufacturing PMI, Dec All Industry Activity Index
          Swiss Jan Trade Balance (Imports/Exports)
          French Jan CPI & HICP
          Swiss Trade Balance
          Markit (Prelim) Eurozone, France, Germany & Italy Feb. Manufacturing, Services & Composite PMI
        
UK Jan Public Finances/Central Gov't NCR & Net Borrowing
Tuesday,    Feb 21 Fed's Kashkari fireside chat on the economy & role of Fed w/Q&A @FPA of MN (8:50am et)
Markit Flash Feb. Manufacturing PMI
US Treasury Auctions $34B 3-, & $28B 6-month Bills (11:03am et) +$35B 4-wk
BoC Dpty Gov Wilkins panelist at the Competition Bureau (Ottawa)
Fed's Harker on economic outlook @Uof P w/Q&A (Philadelphia noon et)
US Treasury Auctions $26B 2-year Notes (1pm et)
Fed's Williams offers "Getting to Know the Fed" @Boise St. U (Boise 3:30pm et)
    OVERNIGHT into US Wed. a.m. et:
         RBA Gov Lowe
speaks (Sydney)
         Aussie 16Q4 Wage Cost Index & Construction Work +Jan Skilled Vacancies
         New Zealand Jan Credit Card Spending/Balances
         China Jan House Prices
         Hong Kong 16Q4 GDP
         Fed's Mester holds a roundtable briefing (Singapore)
         German Feb. IFO Business Climate/Expectations/Current Assessment
         Swiss Feb. ZEW  Survey
         UK (Prel) 16Q4 GDP, Private Consumption, Gov't Spending, Fixed Capital Formation, Total Business Invesment, Importx/Exports, Dec Index of Services
        BoE Dpty Gov for Financial Stability Cunliffe offers OMFIF City Lecture (Official Monetary & Financial Institutions Forum, London)
         Eurozone Jan (F) CPI
Wed.,         Feb 22 Minutes of the FOMC Meeting ended 02/01/17 (2pm est)
MBA Mortgage/Refinance Applications
Fed's Kaplan discusses issues facing the nation & global Economy (Dallas)
Canada Dec Retail Sales
NAR Jan. Existing Home Sales (10am et)
Brazil Interest Rate Decision (current 13.0%)
Redbook weekly Store Sales Snapshot
US Treasury Auctions $13B reopened 2-year Floating Rate Notes (11:30am et)
Fed Gov. Powell discusses eco outlook & monetary policy @Forecasters Club of NY w/Q&A (1pm et)
US Treasury Auctions $34B 5-year Notes (1pm et)
Germany's Merkel meets, separately, with IMF's Lagarde & EU Commission Pres. Juncker on Greece (Merkel insists IMF must contribute)
    OVERNIGHT into US Thurs. a.m. et:
         
Japan Corporate Services Price Index  (CSPI)
          Aussie 16Q4 Private Capital Expenditures
          So Korea Feb MPC Interest Rate Decision
          Singapore Jan CPI
          Canada Feb CFIB Business Barometer
          German 16Q4 (F) GDP, Private Consumption, Gov't Spending, Capital & Construction Investment, Domestic Demand, Imports/Exports, GfK Mar. Consumer Confidence 
           Italian Dec Retail Sales
           So Africa Jan PPI
           UK 10-year Treasury Gilt Auction
           Swiss 16Q4 Industrial Proeduction & Industry + Construction Output
           FinMins from Spain, Italy, France, & EU Commission VP Dombrovski
speak at capital markets conference (Paris France)
           UK Feb CBI Retailing Reported Sales, Total Dist. Reported Sales 
Thursday,  Feb 23 USDA 93rd Agricultural Outlook Forum (Arlington VA thru 24th)
US weekly Jobless Claims
Russian Centra Bank Reserves
Chicago Fed Feb Nat'l Activity Index (8:30am et)
Canada 16Q4 Corporate Profits
Brazil an Banking Lending
Fed's Lockhart "Looking Back on His 10 years @Atlanta Federal Reserve" @2017 Banking Outlook Conference (8:35am et Atlanta)
FHFA Dec. House Price Index
Markit Flash Feb Services PMI
EIA weekly Natural Gas Report (10:30am et w/e 02/17)
K.C. Fed Feb. Manufacturing Index
EIA weekly Petroleum/Gasoline/Distillates Stats (11am delayed by Mon. holiday)
US Treasury Auctions $28B 7-year Notes  (1pm)
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:
         So. Korea Feb Consumer Confidence
         French Feb Consumer Confidence
         Italy Dec Industrial New Orders & Sales +Feb Business/Consumer Confidence
         German Jan Import Prices
         UK BBA Jan Loans for House Purchases
         Brazil Jan Budget Balance & Dect/GDP Ratio
         Irish Central Bk Gov Lane speaks @UCC Financial Services Innovation Ctr
         ECB's Praet keynotes "Brexit & the implications for financial services" Conference (London)
Friday,       Feb 24 NGA National Governors Association Winter Meeting (D.C. thru 27th)
US Jan. New Home Sales
Canada Jan CPI
U.M. Final Feb. Consumer Sentiment (10am et)
Baker-Hughes weekly Rig Count (1pm et)
Saturday,  Feb 25
Sunday,     Feb. 26     OVERNIGHT into US Mon. a.m. et:
         Aussie 16Q4 Corporate Inventories & Operating Profits
         German Jan. Retail Sales
         Swiss Feb. Unemployment Report
         Eurozone M3 Money Supply & Feb Economic, Business, Industrial & Services Confidence
         SNB's Zurbruegg speaks @World Banknote Summit (Basel Suisse)
Monday,    Feb. 27 US Jan Durable Goods Orders/Shipments
US Jan Pending Home Sales
Dallas Fed Feb Manufacturing Surv
ey
Fed's Kaplan panelist w/Q&A @U of OK Price College of Biz (Norman OK 11am)
US Treasury Auctions $34B 3-, & $28B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:
         New Zealand Jan. Trade Balance (Imports/Exports)
         Japan (P) Jan Industrial Production & Retail Sales
         Aussie Jan HIA New Home Sales, Private Sector Credit & M3
         Japan Jan Vehicle Production, Housing Starts/Construction Orders  
         German Retail Sales
         UK Feb Nationwide House Prices
         France Q4 (P) GDP, CPI, PPI +  Consumer Goods Consumption
         Eurozone & Italy Feb CPI
         India GDP
Tuesday,   Feb. 28 US 16Q4 (Prelim) GDP (2nd guess)
US Jan (Adv) International Trade Deficit
US Jan (P) Wholesale + Retail Inventories
S&P Case/Shiller Dec. 20-city Home Price Index
Chicago Feb. PMI
Redbook weekly Store Sales Snapshot
Conference Board's Feb. Consumer Confidence
Richmond Fed Feb. Manufacturing Index (10am)
Canada Jan. Raw Materials & Industrial Prices (RWPI & IPPI)
US Treasury Auctions $20B 52-week Bills (11:30am et & that's it for week!)
Fed's George keynotes on US Eco & Monetary Policy @Banking & the Economy: A Forum for Women in Banking w/Q&A (OK 12:45pm)
USDA Farm Prices (3pm et)
Fed's Williams provides eco & policy outlook at Santa Cruz (CA) Chamber of Commerce (3:30pm)
Fed's Bullard on US economy & monetary policy at Spring GWU Alumni Lecture in Economics w/Q&A (6:30pm et  George Washington Univ, D.C.)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Feb QV House Prices
         BIS's Caruana speaks (Geneva)
         Japan Nikkei Feb. PMI Manufacturing Index, Q4 Capital Spending, Corporate Sales
         Aussie GDP
         China Feb Official & Caixan Manufacturing PMI & Official Non-Mnftg PMI
         Japan Feb Official FX Reserve Assets, & Vehicle Sales
         Aussie Feb RBA Commodity Index
         India Manufacturing PMI
         Swiss UBS Jan Consumption Index & SVME Feb Purchasing Managers Index
         Markit Eurozone, French, Italy, & German Feb PMI Manufacturing Index
         German Feb Unemployment Rate
         Italy FY16 GDP
         UK CIPS Manufacturing PMI, Feb BRC Shop Price Index, Jan. Net  Consumer Credit & Lending for Dwellings & Mortgage Approvals, + M4 Money Supply
         German Feb CPI
Wed.         Mar. 01 US Feb Motor Vehicle Sales (short month)
Fed's Beige Book (2pm et)
MBA weekly Mortgage/Refinance Applications
US Jan. Personal Income/Expenditures/PCE /Savings
US Feb. Manufacturing PMI
US Feb. ISM Manufacturing Index
BoC (Canada) MPC Rate Announcement
& Feb Mnftg PMI+ Q4 Current Account
US Dec. Construction Spending
EIA
weekly Petroleum/Gasoline/Distillates Stats (w/e 02/24)
Fed's Kaplan
discussant with Pres. of Paul Quinn College (Dallas 12:30pm et)
    OVERNIGHT into US Thurs. a.m. et:
          Swedish Central Bank publishes minutes of its Feb. policy meeting
          Japan Jan Loans & Discounts
          Aussie Trade Balance (Imports/Exports), Jan Building Approvals
          Swiss Q4 GDP & Jan Retail Sales
          UK Markit/CIPS Feb Construction PMI
          Eurozone Jan. Unemployment Rate & HICP + PPI
Thursday, Mar.02 US weekly Jobless Applications
Challenger Feb Job Cuts (BLS Feb Unemployment Report not until 03/10!)
US Feb. Chain Store Sales (9 still report but Retail Earnings weigh more)
Canada Dec + Q4 GDP & BoC Dpty Gov Lane speaks @Finance Sustainability Initiative
EIA weekly Natural Gas Report
US Treasury Monthly Refunding Announcement incl. 10-yr Note & 3-yr Bond
Weekly Fed Balance Sheet & Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et;
         Fed's Mester
"Power Talk" w/Q&A @Barnard College (NY 7pm et)
         Aussie Feb Job Ads, Feb Performance of Services, Q4 Value of All Buildings
         Japan Jan Unemployment Rate, CPI, Household Spending, Nikkei Feb Services & Composite PMI
         RBNZ (New Zealand) Ass't Gov McDermott speaks
         China Caixin Feb Services PMI & Composite PMI
         Japan Feb Consumer Confidence Index
         India PMI Services Index
         Markit Feb (F) Eurozone, French, German Composite PMI
         Italy 16Q4 GDP
         UK Feb Official Reserves, CIPS Feb PMI Services Index
         Eurozone Jan. Retail Sales
Friday,       Mar. 03 Fed V.Chair Fischer keynotes (8am) + Fed's Evans & Lacker discuss this year's report on inflation expectatoins & dynamics, moderated by Fed's Kaplan (10:15am) @ Univ of Chicago Booth School 2017 US Monetary Policy Forum (NY)
BoC Sr Dpty Gov Wilkins panelist @Yale Law School (New Haven CT)
US Feb PMI Services Index (9:45am et)
US Markit Feb ISM Non-Manufacturing Index
FOMC Chief Yellen speaks @The Executives' Club of Chicago (1pm)
Baker-Hughes weekly US/North American Rig Count (1pm et) 
Saturday,  Mar. 04 OECD/World Bank/India  Regional Conference on financial education, w/speakers incl. OECD's Boucher, World Bank India Dir. Ruhl, Resrve Bank of India Gov's Subbarao +Gopalakrishna  (New Delhi India to 03/06)

         WEEKS AHEAD: 03/06     Fed's
(TBTF) Kashkari "A View from the Federal Reserve Bk of Minneapolis @NABE policy conference (D.C.)
                                         03/09    ECB MPC Meets
                                                      SEC Investor Advisory Cmte Meeting
                                        03/10    BLS Feb Unemployment Situation Report
                                 03/14--15    FOMC Meets,
                                        03/15    FOMC Updates Forecasts +
                                                     Yellen post-FOMC Meeting PressConference

                                        03/16    BoE MPC Meets
                                                      SNB (Swiss) MPC Meets
                                                      BoJ MPC Meets
                                                    Norges Bank (Norway) MPC Meets

*FOMC 2017 Voting Members:  Five governors on the FOMC are permanent voters: Janet Yellen, Stanley Fischer, Lael Brainard, Jay Powell and Dan Tarullo.vote at every meeting. (Board Governors endure 2 vacancies that Senate refuses to confirm).  NY Fed pres.also a permanent FOMC voting member. The rest of the voters, in 2017, are 5 of the 11 regional Fed Pres.:New voting members, for 2017, include Philly Fed Pres. Patrick Harker, Minneapolis Fed Pres Neel "Too Big to Fail" Kashkari, Dallas Fed's Robert Kaplan, and Chiago Fed Pres Charles Evans.  Evans was last a voter in 2015. The other 3 are voters for the first time. Loretta Mester (Cleveland), Eric Rosengren (Boston), James Bullard (St. Louis) and Esther George (Kansas City) have lost their votes in 2017. In an Oct. speech, Harker said he would have preferred if rates had been raised at the prior FOMC meeting. Kaplan was a 23-yr veteran of Goldman Sachs before winding up at Harvard Business School. Mester & George are hawks that dissented at several 2016 meetings until the 2016 rate hike announced 12/14 but aren't voters in 2017.  
                     

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