wall street in advance

September 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,    Sept. 03     OVERNIGHT into US Mon. a.m. et
         RBA Gov Lowe
speaks at Board Dinner, Aussie Q2 Inventories & Corp Profits, Current Account Balance, Net Exports, TD Securities Aug Inflation +ANZ Aug. Job Ads
         Eurozone July PPI, Sentix Sept Investor Confidence
         Aussie Commonwealth Bank Aug PMI Services & Composite Indexes, Commodity Prices
         Japan Nikkei PMI Services & Composite Indexes
         Swiss Q2 GDP & Aug CPI
         Markit Eurozone, Italy, France, Germany, Services & Composite PMI
         UK Markit Aug New Car Registrations, Services & Composite PMI
         Eurozone July Retail Sales, Q2 Gross Fixed Capital Investment, Gov't Expenditures, Household Consumption, Q2 (F) GDP
Monday,  Sept. 04 US + Canadian Markets Closed for Labor Day Holiday
    OVERNIGHT into US Tues. a.m. et:

          Spain Unemployment Rate/Change
          UK Markit/CIPS Aug Construction PMI
          Eurozone Sept Sentix Investor Confidence
          French 3-, 6-, & 12-month BTF Auctions
          Singapore Aug Manufacturing PMI
          South Korea July Current Account, Aug Fx Reserves
          UK BRC Aug Like for Like Sales, Retail Sales Monitor
          Hong Kong Aug Manufacturing PMI
          China Caixin Aug PMI Services & Composite Indexes
          India Nikkei Aug Services PMI
          Swiss Q2 GDP , Aug CPI
          South Africa Standard Bank Aug PMI
         Eurozone Q2 GDP + July Retail Sales
          Brazil Jul Industrial Production, Markit Services & Composite Aug PMI's
          ECB supervisor Nouy, German FinMin Schauble, & Luxembourg FinMin Gramegna @Handelsblatt newspaper German Banking Conference (Frankfurt)
Tuesday,  Sept. 05 Fed Gov Brainard speaks @Economic Club of NY  (7:30am et)
US Markit Aug Composite PMI
US July Factory Orders
US (F) July Durable Goods Orders/Shipments
US Treasury Auctions $39B 3- & $33B 6-month Bills +$20B 4-week Bills+$25B Reopened 8-day Bills
TD Ameritrade IMX (12:30pm et)
MN Fed's Kashkari
moderated Q&A @Carlson School of Mngmnt (1:10pm et)
Fed's Kaplan @ Dallas Businbess Club (7pm et)
    OVERNIGHT into US Wed. a.m. et:
          Japan July Labor Cash Earnings/Overtime Pay
          Aussie Q2 GDP,
Capital Expenditures, Chain Price Index, Final Consumption
          RBA's Heath speaks (Tasmania)
          RBA (Aussie) MPC Rate Decision (Stockholm, 09/06 local time)
          German July Factory Orders, Construction
          Italy July Retail Sales
          Markit Eurozone, France, Italy, German Retail PMI's
          Brazil Aug CPI
Wed.,       Sept. 06 Fed's Beige Book (2pm et)
US weeky Mortgage/Refinance Applications
US July Int'l Trade Deficit

Redbook weekly store sales
Canada Q2 Labor Productivity, July Int'l Merchandise Trade Balance
US Aug. Services PMI Index/Orders
US Aug. ISM non-Manufacturing Index/Prices Paid (10am et)
Bk of Canada MPC Rate Decision
(Ottawa)
Brazil Central Bank MPC Rate Decision (current 9.25%) + Fx Flows
    OVERNIGHT into US Thurs. a.m. et:
        Aussie Aug AiG Performance of Construction Index, Jul Retail Sales & Trade Balance & Aug Fx Reserves
        China Aug Fx Reserves
        Sweden's Riksbank MPC Rate Decision (09/07 local time)
        Germany July Industrial Production
        Swiss Aug Fx Reserves
        South Africa Aug Fx Reserves
        French July Trade Balance (Imports/Exports)
        Hong Kong Aug Fx Reserves
        Singapore Aug Fx Reserves
        South Africa July Mining & Gold Production
        Eurozone Q2 GDP
        UK Halifax Aug House Prices
        ECB MPC Interest Rate Decision, Sept Asset Purchase Target (09/07 local time)
Thursday, Sept 07 Mario Draghi Press Conference post-ECB MPC Meeting
NY Fed's Dudley speaks @Money Marketeers of NYU (5:30 pm et)
Weekly US Jobless Claims
Canada Ivey Aug PMI & July Building Permits
Russia Central Bank Fx Reserves
US Q2 Productivity & Costs
Qtrly Services Survey
EIA weekly Natural Gas Report (10:03am et)
EIA weekly Petroleum/Gasoline/Distillates Report
(11am et)
US Treasury Refunding Announcement
Fed's Mester
on Eco outlook & monetary Policy @Economic Club of Pittsburgh, World Affairs Council of Pittsburgh, Pittsburgh Ass'n for FPA's (12:15pm, et)
Brazil Independence Day Holiday
Fed's weekly Balance Sheet & US Money Supply (4:30pm et)
A Meeting with Raphael Bostic, the new Atlanta Fed new Pres. (Atlanta 7pm et)
Fed's George on US Eco Outlook @Omaha Economic Forum (Omaha NE 8:15pm et)
    OVERNIGHT into US Fri. a.m. et:
          New Zealand Q2 Manufacturing Volume/Activity
         Japan
  Q2 (F) GDP, July Current Account, Trade Balance, Private Consumption, Business Spending, Aug. Bank & Trust Lending
         China Aug Trade Balance (Imports/Exports), Foreign Direct Investment
         Aussie Jul Home Loans, Investment Lending, Value of All Loans
         RBA's Debelle panelist (Sydney)
         German Jul Trade Balance & Current Account
         Swiss Aug Unemployment Rate
         French Jul Gov't Budget Balance, Industrial Production
         Spanish Jul Industrial Production
         Eurozone Q2 Labor Costs
        
UK July Industrial & Manufacturing Production, Construction Output, Trade Balance, BoE/TNS 12-month Ahead Inflation
         RBA's Lowe
speaks (Sydney)
         UK/NIESR Aug GDP 
Friday,      Sept 08 Fed's Harker on Consumer Finance Issues @New Perspectives on Consumer Behavior in Credit & Payments Market Conference (Philly PA 8:45 am et)
US July Wholesale Trade
Canada Aug Unemployment Rate/Change/Participation Rate, Q2 Capacity Utilization
Baker-Hughes weekly US/North American Rig Count (1pm et)
US July Consumer Credit  (Debt, really; 3pm et) 
Saturday, Sept 09 China Aug CPI & PPI
Sunday,    Sept 10     OVERNIGHT into US Mon. a.,m. et:
         China Aug. Aggregate Financing,
Foreign Direct Investment, New Yuan Loans
         New Zealand Aug Card Spending, REINZ House Sales
         Japan July Core Machinery & Tool Orders, July Tertiary Industry Index, & Aug M3
         Italian Qtrly Unemployment Rate, July Industrial Production
         ECB's Coeure speaks @ ECB Workshop "Monetary Policy in non-Standard Times" (Frankfurt 09/11 local time)
Monday,  Sept 11 Canada Aug Housing Starts
NY Fed Survey of Consumer Expectations
US Treasury Auctions$39B 3-, & $33B 6-month Bills & $24B 3-year Notes
    OVERNIGHT into US Tues. a.m. et:
         Japan Q4 Manpower Survey
         China Q4 Manpower Survey
         Aussie NAB Aug Business Conditions/Confidence, Q4 Manpower Survey, July Credit Card Purchases & Card Balances
         Singapore Jul Retail Sales
         France Q2 Non-Farm Payrolls
         South Africa Q2 Current Account
         UK Aug PPI, CPI, RPI, Producer Price Index for Input & Output, July House Price Index
        BoE Markets Director Salmon speaks (Barcelona)
        India Jul Industrial Production/Manufacturing Output, Aug CPI
Tuesday,  Sept 12 US NFIB Aug Small Business Optimism Survey
Brazil July Retail Sales
ECB VP Constancio speaks @ ECB "Monetary Policy in non-Standard Times"
United Nations 72nd General Assembly Regular Session Opens (thru 28th)
July US JOLTS (Job Openings & Quits)
US Redbook weekly Chain Store Sales Snapshot
US Treasury Auctions 4-, & $20B 52-week Bills (11:30am)
US Treasury Auctions Reopened $20B 10-year Notes
    OVERNIGHT into US Wed. a.m. et:

         South Korea Aug Unemployment Rate
         German Q4 Manpower Employment Outlook
         Japan Q3 BSI All Industry & Large Manufacturing Conditions, Aug Domestic Corporate Goods Price Index
         BoJ publishes Bond Purchase Activity
         German Aug Wholesale, PPI, HICP, & Consumer Price Indexes
         Spain Aug CPI & HICP
         Eurozone Q2 Employment
         Swiss Aug PPI & Import PRices
         UK July Unemployment Rate, Claimant Count Rate/Change, July Avg Wkly Earnings
         South Africa July Retail Sales
         Eurozone July Industrial Production
Wed.        Sept 13 MBA weekly Mortgage/Refinance Applications
Canada Aug Teranet/National Bank HPI
US Aug PPI--Final Demand
84th Annual Securities Traders Ass'n Annual Market Structure Mtg w/SEC Commish Piwowar, SEC Chief Cook, and half the CEO's from Wall Street Firms.
EIA weekly Crude Oil/Gasoline/Distillate Stats
(Harvey & Irma skew #'s)
US Treasury Auctions $12B Reopened 30-year Bonds
US Aug Budget Statement
    OVERNIGHT into US Thurs. a.m. et:
         UK RICS Aug House Price Balance
         RBA's (Aussie) Debelle
speaks (Sydney)
         Aussie Aug Unemployment Rate/Change/Participation
         China Aug Retail Sales, Fixed Assets, Industrial Production
         Singapore Q2 Unemployment Rate
         Japan Aug Tokyo Condo Sales, July (F) Industrial Production/Capacity Utilization
         India WPI Food, Fuel, Consumer Price & Manufacturing Inflation
         French & Italian Aug CPI, HICP
         South Africa Q2 Current Account
         EU 25 Aug New Car Registrations
         SNB (Swiss) MPC Rate Decision, Libor Target Range (9/14 local time)
         BoE MPC Rate Decision, Sept. QE Target, + Minutes (09/14 local time)
       
Thursday, Sept 14 BoE Chief Carney post-MPC Mtg Press Conference
ECB's Lane
addresses London's Society of Business Economists (London)
US weekly Jobless Claims/Continuing Claims
US Aug CPI, Avg Wkly Earnings
FINRA Fixed Income Conference (Dallas TX)
Canada July New House Price Index
Russia Central Bank Reserves
EIA weekly Natural Gas Product Stats
ECB's Mersch chairs panel "Are EU Digital & Fintech Initatives up to the Challenges?" @ Eurofi Financial Forum; hours later, "What way forward for the EU27 & Eurozone?" & "Economic & Financial Priorities for relaunmching the Eurozone & EU"  (Tallinn, Estonia)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Aug Performance of Manufacturing Index
         Japan Sept Reuters/Tankan Survey, Tokyo & Nat'l Aug Dep't Store Sales
         South Korea Aug Trade Balance (Imports/Exports)
         BoJ divulges outright bond purchase from 1 yr to 25 years +
         Zapad 2017 Joint Russia Belarus Military Exercises (thru 28th)
         ECB's Lautenschlaeger speaks (Tallinn)
         BoE's Vlieghe speaks (London)
         Eurozone July Trade Balance, Labor Costs
         Russia Sept Interest Rate Decision
         ECB's Nouy delivers Marjoin Lecture at 33rd SUERF Colloquium & Bk of Finland Conference "Shadow Banking: Financial Intermediation beyond Banks" (Helsinki)
Friday,     Sept. 15 ECB's Mersch chairs panel "EU CCP systemic Issues (EMIR review, CCP, R&R)" @ Eurofi Financial Forum (Tallinn) ECB's Constancio also participates
ECB's Draghi & Coeure join Eurogroup Informal mtg of FinMins (Tallinn to 16th)
US Qtrly Options/Index Futures Expire
US Sept Empire State NY Fed Sept Manufacturing
US Aug (Adv) Retail Sales
Canada Aug. Existing Home Sales
US Aug. Industrial Production/Capacity Utilization
US July Business Inventories
U.M. Sept (P) Consumer Confidence & Inflation Expectations
Baker-Hughes weekly US/North American Drilling Rig Count
Saturday, Sept. 16

         WEEKS AHEAD:  09/18      BoE Gov Carney
lectures @ IMF followed by discussion with Mng Dir Lagarde (Washington DC)
                                 09/19--20     FOMC Meets
(2-days)
                                        09/20     FOMC Statement, Updated SEP (Financial Projections)
                                                      Janet Yellen Press Conference
                                 09/20--21     BoJ MPC Meets
(thru 21st) 
                                        09/21     ECB Pres Draghi speaks at conference on financial stability
                                        09/27     Fed's Rosengren @Money Marketeers of NYU (5:30pm et)

*FOMC 2017 Voting Members:  Four governors on the FOMC are permanent voters: Janet Yellen, Stanley Fischer, Lael Brainard, Jay Powell. Dan Tarullo was the 5th.vote at every meeting but he retired from the Board. (Board Governors now endure 3 vacancies, w/Trump nominating one after July 4th). NY Fed Pres.Wm Dudley also a permanent FOMC voting member. The rest of the voters, in 2017, are 5 of the 11 regional Fed Pres.:New voters, for 2017: Philly Fed Pres. Patrick Harker, Minneapolis Fed Pres Neel "Too Big to Fail" Kashkari, Dallas Fed's Robert Kaplan, and Chicago 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.  Richmond Fed's Jeff Lacker resigned in early April 2017, when it became known he'd leaked sensitive FOMC discussions to Medley Advisors. Richmond is operating with an Interim Pres, Mark L Mullinix, while the search for a new leader continues. Raphael Bostic replaced Dennis Lockhart at the Atlanta Fed, when Lockhart left.
                     

(C)1998-2017  Sandi Lynne. Property of wallstreetinadvance.com All rights Reserved. Unauthorized duplication prohibited.
Please address comments to sandi.lynne@wallstreetinadvance.com

Please read our disclaimer