wall street in advance

December 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,     Dec. 10     OVERNIGHT into US Mon. a.m. et:
          China Nov New Yuan Loans & Aggregate Financing + Money Supply
          New Zealand Nov Card Spending
          Aussie HIA Oct New Home Sales
          German Manpower 18Q1 Employment Outlook
          Japan Nov (P) Machine Tool Orders
          So Africa Q3 Current Account & as %/GDP
          Italy Oct Retail Sales
          ECB's Nowotny presents Austria Financial Stability Report
Monday,   Dec. 11 US Oct. JOLTS
US Treasury Auctions $39B 6-month Bills + $24B 3-year Notes (11:30am et)
US Treasury Auctions $45B 3-month & $20B reopened 10-year Notes (1pm et)
    OVERNIGHT into US Tues. a.m. et:
         Aussie + New Zealand 18Q1 Manpower Surveys
         New Zealand ANZ Nov Heavy Truckometer
         So Korea Nov Import/Export Price Indices
         Japan Nov. PPI, Domestic Corporate Goods Price Index + Manpower Q1 Survey
         China 18Q1 Manpower Survey
         Aussie NAB Nov Business Conditions, Q3 House Price Index, Oct Credit Card Balances
         Singapore Oct Retail Sales
         French Q3 non-Farm Payrolls
         UK Nov CPI, Retail Price Index, & PPI + Oct House Price Index
         Eurozone Dec ZEW Survey/Expectations
         German Dec ZEW Survey/Expectations 

         India Oct Industrial Production & Manufacturing Output + Nov CPI
         Russian Oct Trade Balance
Tuesday,   Dec. 12 FOMC 2-day Meeting Starts
US Nov. NFIB Small Business Optimism Index
US Nov PPI-Final Demand

Federal Reserve Bank of NY "Transforming Communities: Driving & Assessing Investment"
Redbook weekly Store Sales Snapshot
US Treasury Auctions $12B reopened 30-year Bonds (1pm et)
State of Alabama Special Senate Election
    OVERNIGHT into US Wed. a.m. et:
        New Zealand Nov Food Prices
        RBA Gov Lowe speaks (Sydney)
        Japan Oct Machine Orders
        German Nov Wholesale Prices
        Italy Oct Industrial Production
        RBA's Kent speaks & Richard panelist (Sydney)
        German Nov (F) CPI, HICP, WPI
        South Africa Nov CPI + Oct Retail Sales
        UK Nov Claimant Count/Change, Oct Avg weekly Earnings, Oct ILO Unemployment Rate
        Eurozone Oct Industrial Production, Q3 Unemployment/Change
        Brazil Oct Retail Sales
Wed.,        Dec. 13 MBA weekly Mortgage/Refinance Applications
US Nov CPI
Canada Teranet/National Bank Nov House Price Index
EIA Petroleum/Gasoline/Distillates Status
(10:30am et)
FOMC Statement + SEP Updated
(Member Financial Projections, 2pm et)
Yellen
(final?) Press Conference (2:30pm et)
BoC Gov Poloz speaks @Canadian Club Toronto w/Press Conference
    OVERNIGHT into US Thurs. a.m. et:

           South Korea Nov Unemployment Rate
           New Zealand Apr Economic Forecast, Budget Balance
           Aussie Nov Unemployment Rate/Change/Participation, & Dec Consumer Inflation Expectation
           Japan Nikkei Dec (P) Manufacturing PMI
           Singapore Q3 Unemployment Rate
           UK RICS Nov House Price Balance
           China Nov Retail Sales, Industrial Production, Fixed Asset Investments
           Japan Oct (F) Industrial Production/Capacity Utilization
           EU 25 Nov. New Car Registrations
           Swiss KOF Institute Winter Economic Forecast +Nov Producer & Import Prices
           French, Italian, Spanish, Swiss Nov. CPI & HICP
           EU, French, Italian, German Markit Dec Services & Composite PMI
           South Africa Q3 Current Account & Nov. PPI
           SNB (Swiss) MPC Rate Decision & Policy Assessment +Nov PPI
           SNB post-Meeting Press Conference
           Norges Bank (Norway) MPC Meets + Press Conference

           UK Nov Retail Sales
           BoE MPC Rate Decision + Asset Purchase Target, Minutes of Meeting  (12/14 local time) 
           ECB MPC Meets on Rates/QE  (12/14 local time)
Thursday, Dec. 14 ECB's Draghi post-Meeting Press Conference (Frankfurt)
BoE post-Meeting Press Conference
US weekly Jobless Claims
Canada Oct New Housing Price Index
US Nov. Retail Sales
US Nov Import/Export Prices
US Oct. Wholesale Inventories
Markit US (Dec P) Manufacturing, Services & Composite PMI
EIA weekly Natural Gas Report
US Treasury Refunding Announced
Weekly Fed Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Nov ANZ Manufacturing PMI
        Japan Q4 Tankan  Index & Outlook + Nov Dept Store Sales
         South Korea Nov Trade Balance (Imports/Exports)
         Eurozone Oct Trade Balance
         Russia MPC  Dec Rate Decision (current 8.25%)
         BoE Quarterly Bulletin
         Rome Investment Forum 2017: Financing Long-Term Europe (Rome Italy thru 16th) Norges Bank Dpty Gov Matsen speaker, IMF, and others 
Friday,      Dec. 15 Quadruple Witch for Qtrly Options/Futures Expiration & Index Rebalance
Canada Oct Manufacturing Sales, Nov Existing HJome Sales 
Empire State NY Fed Nov. Manufacturing Survey
US Nov Industrial Production/Capacity Utilization
Atlanta Fed Dec Business Inflation Expectations
Baker-Hughes US/North American Rig Count (1pm et)
US Oct TICS (4pm et)
Saturday,  Dec.16 South Africa Holiday--Day of Reconciliation
ECB's Coeure speaks in Bangkok
Sunday,     Dec. 17     OVERNIGHT into US Mon. a.m. et:
         Japan Nov Trade Balance & Dept Store Nov Sales
         China Nov Net FX Settlement
         Aussie Nov New Motor Vehicle Sales
         Singapore Nov Trade Balance
         China Nov Property + House Prices
         Hong Kong Nov Unemployment Rate
         Italy Oct Trade Balance
         Eurozone Nov CPI
         UK 10-year Treasury Gilt Auction, CBI Dec Order & Sales Trends/Prices
         Bk of Finalnd Gov Liikanen news conference on forecasts for the economy
Monday,    Dec. 18 NAHB Housing Market Index
CME Launches BitCoin Futures in Competition w/CBOE which started last week
Canada Oct Int'l Securities Transactions
US Treasury Auctions $45B 3-, & $36B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:

         South Korea Nov PPI
         RBA (Aussie) Dec Rate Meeting Minutes
         Russia Nov Unemployment Rate
         Japan (F) Nov Machine Tool Orders
         Swiss SECO Dec 2017 Economic Forecasts
         German Dec IFO Current Assessments/Expectations
         Eurozone Oct Construction Output & Q3 Labor costs
Tuesday,   Dec. 19 US Nov. Housing Starts/Building Permits
US Current Account
Redbook weekly store sales snapshot
Fed's Kashkari Q&A at Lambda Alpha In'tl (Roseville MN chapter)
   OVERNIGHT into US Wed. a.m. et:
        New Zealand Nov Trade  Balance, Q3 Current Account & GDP
        BoJ Q3 FX Flows
        Aussie Nov Skilled Vacancies
        New Zealand Nov Credit Card Spending
        Japan Oct All Industry Activity Index+Nov Convenience Store Sales
        German Nov PPI
        Italian Monthly Unemployment Rate
        Riksbank (Swede) MPC Meets & Gov Ingves Press Conference on Decision (11/20 local)
        Eurozone Oct Current Account
        UK CBI Reported Dec Sales, Total Distributed Reported Sales

Wed.         Dec. 20 MBA weekly Mortgage/Refinance Applications
US Nov Existing Home Sales
Brazil Nov Current Account, FX Flows & Foreign Direct Investment
Canada Oct Wholesale Trade Sales
EIA weekly Petroleum/Gasoline/Distillates Status
Chanukah Wraps at Sundown
    OVERNIGHT into US Thurs. a.m. et:

         New Zealand Q3 GDP & Nov Net Migration
         BoJ MPC Rate Decision, QE Target, 10-yr JGB Target Yield (12/21 local time)
         UK Dec GfK Consumer Confidence
         RBA Nov FX Transactions Bulletin
         BoJ's Kuroda Press Conference post-MPC Rate Meeting
         Swiss Nov Trade Balance, includes Swiss Watch Exports
         Hong Kong Nov CPI
         UK Nov Public & Central Gov't Finances + Net Borring
Thursday, Dec. 21 17Q3 Final US GDP + PCE
US weekly Jobless Claims
Canada Nov CPI & Oct Retail Sales
Dec. Philly Fed Business Outlook Survey
Catalonian Elections (Spain)
Chicago Fed Nat'l Activity Index
US Final 17Q3 Corporate Profits
FHFA Oct House Price Index

EIA Natural Gas Report
US Treasury Auctions $14B reopemed 5-year TIPS
US Treasury Refunding Announcement
US Fed's weekly Balance Sheet & weekly US Money Supply
   OVERNIGHT into US Fri. a.m. et;
         Lloyds Dec Business Barometer
        German GfK Jan Consumer Confidence + Import Price Index
        French Q3 (F) GDP, Nov Consumer Spending + PPI
        UK Q3 GDP, Current Account Balance, Total Business Investment, Oct Index of Services
        Italian Oct Industrial Sales/New Orders & Trade Balance
        Brazil Bank Lending
Friday,      Dec. 22 US Gov't Funding Runs Out at Midnight Unless Budget or Another CR Is Passed
US Nov. Durable Goods Orders/Shipments
Canada Oct GDP
US Oct Personal Income/Outlays + Nov Core PCE
US Nov. New Home Sales
U.M. Final Dec Consumer Sentiment
K.C. Fed Dec. Manufacturing Index
Baker-Hughes weekly Rig Count
UK Closes Early
Saturday,  Dec. 23 Holiday in Japan | Emporer's Birthday
Final Retail Store Push for Christmas Sales --too late to order online and get guaranteed Christmas Delivery

         WEEKS AHEAD:  
01/03/2018     FOMC Minutes of the Meeting Concluded on 12/13/17

*FOMC 2017 Voting Members:  Four governors on the FOMC are permanent voters: Janet Yellen, Randall Quarles, (Stanley Fischer Resigned 10/13), Lael Brainard, Jay Powell. (Dan Tarullo was the 5th.vote at evnominating one after July 4tery meeting but he resigned, too)  Board Governors still endure 3 vacancies, w/Trump concentrating his efforts on selecting the next Fed Chairperson. 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.
                     

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