wall street in advance

April/MAY 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,    April 23 1st Round of French General Election
World  Bank/IMF Joint Meetings Wrap w/"Digitalization: Revolutionizing Fiscal Policy and Systems w/IMF's Lipton, GOOGL's Atkinson, MIT's McAfee, + Advisor to Gov't of India Subramanian
    OVERNIGHT into US Mon. a.m. et:
         UK Rightmove April House Prices
         German March Import Price Index + IFO Biz climate/Expectations/Current
         Eurozone FY16 Gov't Debt/GDP Ratio
         UK CBI April Total Order Trends/Selling Prices/Biz Optimism
         Irish Central Bank Gov Lane & FinMin Noonan speak at official opening of the bank's new headquarters (Dublin)
Monday,   April 24 Chicago Fed April Nat'l Activity Index
Dallas Fed April Manufacturing Survey
Canada Feb Wholesale Sales
Fed's Kashkari on "Opportunity & Inclusive Growth Institute TBTF" 6th Fink Investing Conference (UCLA Los Angeles 11:30am)
US Treasury Auctions $39B 3-, & $33B 6- month Bills
Fed's Kashkari Repeats "Opportunity & Inclusive Growth Institute TBTF" w/Q&A @Claremont McKenna College (Claremont CA 3:15pm) 
    OVERNIGHT into US Tues. a.m. et:
          Japan Corporate Services Price Index
          ECB Bank Lending Survey
          UK March Public Finances/Net Borrowing
          Hong Kong March Exports/Imports
          Euro Area 16Q4 Gov't Debt/Deficit
          Norges Bank Dpty Gov Nicolaisen speaks @Norwegian Academy of Science & Letters
Tuesday,  April 25 FHFA Feb House Price Index
S&P Case Shiller Feb House Price Index
US March New Home Sales

Redbook weekly Store Sales Snapshot
Brazil March Current Account & Foreign Direct Investment
Conference Board's April Consumer Confidence
Richmond Fed Manufacturing Index
US Treasury Auctions 4-wk & $20B 52-week Bills (11:30am et)
US Treasury Auctions $26B 2-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand March Net Migration/Visitors, March Credit Card Spending
         RBA Gov. Lowe speaks, & Aussie Q1 CPI, March Skilled Vacancies
         Japan Feb All Industry Activity & March Machine Tool Orders
         Singapore March Industrial Production
         Swiss UBS March Consumption Indicator + ZEW Apr. Expectations
         So. Africa March PPI
         BoJ & Riksbank start, separate, 2-day meetings (thru 27th)
         Frankfurt Finance Summit 2017--"Europe Reloaded" (Frankfurt DE)
Wed.        April 26 MBA weekly Mortgage/Refinance Applications
US Revisions to Retail Sales
EIA weekly Petroleum/Gasoline/Distillates Stats (w/e 4/21)
US Treasury Auctions $15B 2-year FRN Notes (11:30am et)
Canada Feb Retail Sales
Brazil March Bank Lending & Foreign Exchange Flows
US Treasury Auctions $34B 5-year Notes (1pm et Last auction wasn't smooth)
    OVERNIGHT into US Thurs. a.m. et:
         South Korea 17Q1 GDP
         BoJ Monetary Policy Statement, Outlook (27th local time)
        China March Swift Global Payments, Industrial Profits
        Aussie Q1 Import/Export Price Index ment, Outlook, Balance Rate, 10-yr Target Rate (27th local time)
        SNB (Swiss) Q1 Earnings, March Trade Balance (Imports/Exports)
        Eurozone & German GfK March Consumer/Business/Industrial/Services Confidence Survey
        BoJ post-Meeting Press Conference  
        Riksbank (Swedish) Central Bank Interest Rate Decision (27th local time, Stockholm)
        ECB MPC Rate Decision/QE Target (27th   local time)
        Eurozone, Spain, Italy, German April CPI  & HICP
        Spain Q1 Unemployment Rate
        Italy March Trade Balance, April Comsumer & Business Confidence
        Eurozone April Business & Consumer Confidence/Expections
        UK CBI April Retailing Reported Sales
Thursday, Apr. 27 ECB post-Meeting Press conference
US weekly Unemployment Claims
T-3 Trades for End of Month
US March Durable Goods Orders/Shipments

US March (Adv) Int'l Trade Deficit
US March Retail & Wholesale Inventories
Russia Central Bank Reserves
NAR March Pending Home Sales
EIA weekly Natural Gas Report
K.C. Fed April Manufacturing Index
US Treasury Auctions $28B 7-year Notes (1pm et Last Auction wasn't smooth)
USDA Farm Prices (3pm et)
Fed weekly Balance Sheet & Money Supply
    OVERNIGHT into US Fri. am. et:
         South Korea March Industrial Production & Service Sector Output
         New Zealand March Trade Balance
         UK GfK April Consumer Confidence Survey + Lloyd's Business Barometer
         Japan March Jobless Rate, Household Spending, CPI, Retail Trade, Industrial Production
         Singapore URA Q1 Property Index & March Bank Lending
         Aussie March Housing & Private Sector Credit, Q1 PPI
         UK April Nationwide House Prices
         Aussie March Private Sector Credit, Q1 PPI
         Japan March Vehicle Production, Housing Starts, Construction Orders
         France 17Q1 GDP
         SNB's Jordan & Studer speak at Central Bank AGM (Bern), + 17Q1 Currency Allocation (Bern 28th local time)
         German March Retail Sales
         South Africa March Private Sector Credit + M3
         French March CPI
         Italian Apr. CPI, HICP, PPI
         Spain Q1 GDP, March Retail Sales, Feb Current Account
         UK Mar. BBA Loans for House Purchases, Q1 (Adv) GDP, Feb Index of Services
         Eurozone April CPI
         India March Federal Fiscal Deficit, Bank Loan & Deposit Growth
         Russia April Interest Rate Deicsion
         South Africa March Trade Balance
Friday,     April 28 US 17Q1(adv) GDP, Personal Consumption, PCE
US 17Q1 ECI
(Employment Cost Index)
Canada Feb GDP, & March Industrial Product & Raw Materails Price Index
Chicago April PMI
U.M. (F) April Consumer Sentiment
Brazil March Budget Balance, Debt/to GDP Ratio
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed Gov. Brainard on "Fintech & the Future of Finance" w/Q&A @Kellogg School of Management (Northwestern Univ. Evanston IL 1:15pm)
Pres. Trump speaks at NRA (Nat'l Rifle Ass'n) Annual Convention (Atlanta GA to 30th)
Fed's Harker on "How STEM Can Get You Anywhere" at X-STEM Symposium w/Q&A  (D.C. 2:30pm)
Saturday, April 29 China April Manufacturing & Non-Manufacturing PMI
Japanese Show Day Holiday
China Labour Day Holiday
Sunday,      April 30 China April Manufacturing & Non-Manufacturing PMIs
    OVERNIGHT into US Mon. a.m. et:
         AIG April (Aussie) Performance of Manufacturing +CoreLogic House Price Index + TD Securities Inflation + RBA Commodity Index
         Japan April Official Reserves, Nikkei Manufacturing PMI, Vehicle Sales
         South Korea April Trade Balance
         Swiss March Retail Sales & April Total Sight Deposits
Monday,      May 01 US March Personal Income/Outlays
US April Manufacturing PMI
US April Manufacturing ISM/employment/prices paid/new orders
US March Construction Spending
Treas Sec'y Mnuchin speaks
Canada RBC & Markit April Manufacturing PMI
US Treasury Auctions $39B 3-, & $33B 6-month Bills (that's it for the week!)
Holidays in UK, India, Russia, China, Spain, France, Switzerland, So. Africa, Brazil, Hong Kong, Germany, SIngapore, So. Korea, for either May Day or Labour Day
    OVERNIGHT into US Tues. a.m. et:
         BoJ Minutes of 03/15--16 Meeting
& Monetary Base at End of Period (04/28)
         BoJ's Kuroda speaks at Asian Deveopment Bank Institute/Univ. of Pennsylvania Jt Global Think Tank Summit (Yokohama Japan thru 3rd)
         Japan Nikkei April Services & Composite PMI
         China Caixin April Manufacturing PMI
         South Korea April CPI + April Nikkei Manufacturing PMI
         RBA (Aussie) MPC Meeting Statement/Rate Decision (05/02 local time)
         India Nikkei Markit April Manufacturing PMI
         BoJ Core CPI (y/o/y)
         German March Import Price Index
         Eurozone, France, Italy, Germany, & Spain Markit April Manufacturing PMI
         Swiss SVME April PMI
        Italy March Unemployment Rate
         UK Markit April Manufacturing PMI
         Eurozone March Unemployment Rate
         ECB Regulaton Chief Nouy
panelist (Vienna)
         South Africa April Vehicle Sales
         Singapore April Manufacturing PMI
Tuesday,    May 02 US April Motor Vehicle Sales
FOMC 2-day Meeting Starts
(thru 3rd)
Redbook weekly US Store Sales Snapshot
Brazil April Markit Manufacturing PMI + Trade balance
   OVERNIGHT into US Wed. a.m. et:
         New Zealand Q1 Unemployment Report/Change/Wages, QV April House Prices
          UK BRC April Shop Price Index
          AIG (Aussie) April Performance of Services
          Spain Unemployment Rate/Change
          German April Unemployment Rate/Change
          UK Markit/CIPS April Construction PMI
         Eurozone 17Q1 (Adv) GDP, March PPI
          ICMA (Int'l Capital Market Ass'n) Annual General Meeting/Conference (Luxembourg thru 5th)
Wed.,         May 03 FOMC post-Meeting Statement (2pm et)
MBA weekly US Mortgage/Refinance Applications
ADP April Employent Report
Brazil March Industrial Production + FX Flows
US Treasury Refunding Announcement includes 3-, 10-, & 30-year (8:30am et)
US April Services PMI
US April non-Manufacturing ISM
US weekly Petroleum/Gasoline/Distillates Report (w/e 4/28)
Holidays in Hong Kong, South Korea & Japan
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand ANZ April Commodity Price
         Aussie March Trade Balance
         China Caixin April Services & Composite PMI
         RBA (Aussie) Gov Lowe speaks
         India Nikkei April service PMI
         Russia April Markit Services PMI
         Norges Bank (Norway) MPC Meeting Announcement (05/04 local time)
         Markit Eurozone, France, Germany, Italy, & Spain Services & Composite Apr. PMI
         ECB's Board Member Mersch speaks at Conference (Luxembourg)
         South Africa Standard Bank April PMI
         UK April New Car Registrations, Markit/CIPS Services & Composite PMI
         BoE April Official Reserves, March Net Consumer Credit, Mortgage Approvals, M4 Money Supply
        Asian Development Bank's 50th Annual Meeting (thru May 7th, Yokohama Japan)
         Eurozone Mar Retail Sales
Thursday,  May 04 US April Chain Store Sales (9 still report)
Challenger April Job-Cut Report
US March International Trade Deficit
Canada March Int'l Merchandise Trade Balance
US weekly Jobless Applications
US 17Q1 (P) Productivity & Costs
Russia FX Reserves
US March Factory Orders
US (F) March Durable Goods Orders/Shipments
EIA weekly Natural Gas Report
Former Fed Plosser & John Taylor speak @Hoover Institution Foundations of Monetary Policy Conference
US Fed weekly Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         BoC Gov Poloz speaks
(Mexico)
         Aussie AiG April Performance of Construction Index, HIA Mar. New Home Sales
         India FX Reserves
         ASEAN FinMins & Central Bank Governors/Deputies Joint Meeting (Tokyo to May 5th)
         ECB's Praet speaks (Brussels)
         ECB Chief Draghi speaks at an award ceremony (Lausanne Suisse)
         RBA (Aussie) post-Meeting Statement on Monetary Policy
         Swiss/UBS Q1 Real Estate Bubble Index + April FX reserves
         Markit Eurozone, German, French & Italian Apr. Retail & Construction PMI
         European Commission Pres Juncker & EU Council Pres Tusk speak (Florence)
    
Friday,       May 05 US April Unemployment Report/Change/Participation/Hrly Earnings
Canada April Employment Report/Change/Participation/Wages + Ivey PMI
Fed V.Ch Fischer speaks at Hoover Institution's Structural Foundations of Monetary Policy: A Policy Conference (11:30am et Stanford CA)
Canada Ivey April PMI
Brazil April Auto Production/Sales
Fed's Williams keynotes Shadow Open Market Cmte (SOMC) Spring Meeting: "Reforming the Fed & Government-Sponsored Enterprises" w/Q&A (NY 12:45pm)
Baker-Hughes weekly U.S./North AmericaRig Count (1pm for w/e 4/28)
FOMC Chief Yellen on "125 Years of Women's Participation in the Economy" at Brown Univ. (1:30pm  Providence RI)
Fed's Bullard, Evans & Rosengren panelists @Monetary Policy Conference w/Q&A (starting 1pm)
US March Consumer Credit (3pm -Debt really!)
Holidays in South Korea & Japan
Saturday,  May 06 UK Halifax April House Prices
Fed's Williams debates "Has the 'Neutral' Interst Rate Declined and How Does that Affect Fed Decisions?" at SIEPR- Hoover Institution Joint Monetary Policy Conference w/Q&A, John Taylor moderates (3:30pm  SIEPR=Stanford Institute for Economic Policy Research)
Chinese & Japanese FinMins & Central Bankers Meet (Tokyo)
BoJ's Kuroda & Philippines Central Bank gov Tetangco roundtable participants at Asian Development Bank/BoJ Joint Session

         WEEKS AHEAD: 
05/08     Fed's Mester speaks at Chicago Council on Global Affairs on "From Main Street to Wall Street: Economic Growth, Monetary Policy & the Federal Reserve" (Chicago)
                                         05/11    BoE MPC Meets
                                                       RBNZ (New Zealand) MPC Meets
                                        05/24     BoC 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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