wall street in advance

January 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,      Jan. 01 HAPPY NEW YEAR!
EU Presidency taken over by Malta
    OVERNIGHT into US Mon. a.m. et:

         China Caixin China Dec. Manufacturing PMI
         Nikkei India Dec Manufacturing PMI
         Markit Eurozone, Italy, France, Germany Dec. Manufacturing PMI
         South Africa Dec Total Vehicle Sales
Monday,    Jan. 02 New Year Holiday Celebrations Continue in Most of the World
ALL US MARKETS CLOSED

Brazil Dec Trade Balance & Markit Manufacturing PMI
    OVERNIGHT into US Tues. a.m. et:
          Singapore Q4 GDP & URA Property Price Index
         Aussie Dec. AIG Performance of Manufacturing Index, CoreLogic Dec House Price Index, RBA Dec. COmmodity Index
         Nikkei Japan Dec. Manufacturing PMI
         Hong Kong Nov Retail Sales
         Swiss SVME-Dec PMI, Dec. Total Sight Decposits
         UK Markit Dec. Manufacturing PMI
         German Dec (P) CPI + HICP
         Singapore Dec. Manufacuring PMI
         German Dec Unemployment Rate/Chanage
Tuesday,   Jan. 03 Dec. '16 US PMI & ISM Manufacturing Indices, w/Orders & Prices Paid
US Nov '16 Construction Spending
Canada RBC Dec Manufacturing PMI
US Treasury Auctions$45B 4-wk, $34B 3-, & $28B 6-month Bills (11:30am et)
US Treasury Auctions $20B 52-week Bills (11:30am et)
Argentine Central Bank MPC Meets
Japan & New Zealand Continue New Year Holidays
    OVERNIGHT into US Wed. a.m. et:
          South Korea Dec FX Reserves & Nov. Current Account
          China Caixin Dec Services & Composite PMI
          Japan Dec Official Reserve Assets & Manufacturing PMI
          India Dec Nikkei Services PMI
          Markit Eurozone, France, Italy, Germany Dec (F) Services & Composite PMI
          Norges Bank Dpty Gov Matsen address to 39th Annual Norwegian Ass'n of Economists @Oslo Business School
          UK Markit/CIPS Dec. Construction PMI, Nov. Mortgage Approvals
          BoE Net Consumer Credit, Mortgage Lending, & Nov M4 Money Supply
          Italy Dec CPI & HICP
          Eurozone Dec CPI
Wed.          Jan. 04 US Dec '16 Motor Vehicle Sales
MBA weekly Mortgage/Refinance Applications
ADP Private Sector Dec Emplyment Report
Redbook weekly Store Sales Snapshot
BoE Economist Haldane on "Why the belief that 'if you work hard, you'll do better' and 'How Economic recovery is spread unevenly across the UK'" (London)
Brazil Markit Dec Services & Composite PMIs
FOMC Dec. 13--14th, 2016 Meeting Minutes (2pm et)
    OVERNIGHT into US Thurs. a.m. et:
         Aussie Dec AIG Performance of Service Index
         South Africa Standard Bank Dec PMI
         Japan Dec. Monetary Base, Nov. Loans & Discounts + Nikkei Dec. Services & Composite PMI
          ECB Minutes of its Dec. Monetary Policy Meeting
          Swiss Dec CPI
          Hong Kong Dec Manufacturing PMI
          Italian Q3 Public Deficit
          Markit German Dec Construction PMI & Markit Retail PMI
          UK Dec New Car Registrations + Markit/CIPS Services & Composite PMI
          UK Dec. Official Reserves/Changes
          Eurozone Nov. PPI
          Brazil Nov Industrial Production & Auto Production + Sales
          Japan FinMin Kishida to France (thru 01/11)
Thursday,  Jan. 05 Dec. Chain Store Sales (9 still report monthly but more "holiday" sales expected)
Challenger Dec Job Cut Report
US weekly Initial Jobless Claims (last week of year usually slows)
Canada Nov. Industrial Product (IPPI) & Raw Material Prices (RMPI)
US Dec. PMI Services & Composite Index
US Dec. ISM Services Index
EIA weekly Natural Gas Report (10:30am et)
EIA Weekly Petroleum/Gasoline/Distillates Report (11am et)
US Treasury Refunding Announcement to include 10-yr Notes & 30-year Bonds
US Weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into Friday a.m. et:
          Japanese Purchases of Foreign Stocks & Bonds, and vice versa
          Japan Nov Labor Cash Earnings & Overtime Pay
          Aussie Nov. Trade Balance (Imports/Exports)
          German Nov. Factory Orders
          French Nov. Trade Balance & Current Account
          Hong Kong Dec. FX Reserves
          Swiss Dec. FX Reeserves
          UK Q3 Unit Labor Costs
          Eurozone Dec Economic, Business, Industrial, Services & Consumer Confidence
          Czech Nat'l Bank publishes Minutes of its Dec Policy Meeting
          National Bank of Romania MPC Meets
          India Bank Loan & Deposit Growth (cancellation of large Rupee Notes impact)
          Eurozone Nov Retail Sales
Friday,      Jan. 06 US Dec. Unemployment Report
US Nov. International Trade Deficitr
US Nov. Factory Orders + Nov (F) Durable Goods Orders/Shipments
Canada Dec Unemployment Rate/Changes, & Nov Trade Balance (Imports/Exports)
Canada Ivey Dec PMI
Fed's Kaplan panelist on "The U.S. and the Global Economic Outlook" @Joint AEA/NABE Convention
Fed's Evans panelsist at JT AEA & NABE Conference Panel (11:15am)
Baker-Hughes weekly US/North American Rig Count
Fed's Lacker
on "Economic Outlook, January 2017" @MD  Bankers Ass'n 1st Friday Economic Outlook Forum w/Q&A (Baltimore MD 1pm et)
Fed's Evans panelist on "Responders of First or Last Resort: Central Bank Strategies in an Era of Ultra-Low Interest Rates" @Jt AEA/NABE Convention
Fed's Evans on CNBC Closing Bell
Saturday,  Jan. 07 China Dec. FX Reserves
Fed's Kashkari panelist on "Ending Too Big to Fail" @AEA Annual
Sunday,      Jan. 08 China Dec. Foreign Direct Investment
    OVERNIGHT into US Mon. a.m. et:
         Aussie Nov Building Approvals, Dec. FX Reserves, ANZ Dec. Job Ads, AIG Dec Performance of Construction
         SNB (Swiss Nat'l Bank) Preliminary Full Year 2016 Results
         South Africa Dec FX Reserves
         German Nov. Industrial Production, Trade Balance, Current Account
         Swiss Nov Retail Sales
         UK Halifax plc Dec House Prices
         Italian Nov Unemployment Rate

         Singapore Dec FX Reserves
         Eurozone Nov. Unemployment Rate + Jan Sentix Investor Confidence
Monday,     Jan. 09 Fed's Evans on Eco Outlook @CFA Society Chicago (9am et)
TD Aneritrade IMX
BoE Dpty Gov Shafik speaks on Future of Central Banking
US Labor Market Conditions Index (10am et)
US Treasury Auctions $34B 3-, & $28B 6-month Bills
Fed's Rosengren speaks @CT Business & Industrial Ass'n Annual Economic Summit & Outlook (Hartford CT 9am et)
Canada Q4 Senior Loan Officer Survey & Q4 Business Outlook on Sales
Fed's Lockhart on monetary policy @Rotary Club of Atlanta (12:40pm et)
US Nov. Consumer Credit (Debt, really 3pm et)
Holiday in Japan
    OVERNIGHT into US Tues. a.m. et:
         China Dec CPI & PPI

         Aussie Nov Retail Sales
         UK Dec BRC Retail Sales Monitor
         Swiss Q4 Real Estate Index of Family Homes
         China Dec. Money Supply & New Yuan Loans
         New Zealand REINZ Dec House Sales
         Japan Dec Household Confidence
         Swiss Dec Unemployment Rate  & Nov Retail Sales
         French Nov. Industrial Production
         Brazil Nov. Retail Sales
Tuesday,    Jan. 10 NFIB Small Business Optimism Index
Redbook weekly Store Sales Snapshot
Canada Nov. Building Permits
US Nov. JOLTS (Job Turnover & Quits  10am et)
US Nov. Wholesale Trade
US Treasury Auctions $24B 3-year Notes (1pm et)
      OVERNIGHT into US Wed. a.m. et:
           South Korea Dec Unemployment Rate + Dec Import/Export Indices
           Japan Dec Official FX Reserve Assets & Nov. Leading & Coincident Indices
           Aussie Nov Job Vacacies
           Spanish Nov Industrial production
           UK Nov Trade Balance, Industrial & Manufacturing Production, Construction Output
           Brazil Dec CPI
Wed.,         Jan. 11 MBA weekly Mortgage/Refinance Applications
Atlanta Fed Business Inflation Expectations
UK NIESR Dec GDP
Canada Dec Housing Starts

Brazil FX Flows
EIA weekly Petroleum/Gasoline/Distillates Report
US Treasury Auctions $20B reopened 10-year Notes (1pm et)
Brazil MPC Interest Rate Decision (current 13.75%)
     OVERNIGHT into US Thurs. a.m. et:
          Japan Nov Current Account, Trade Balance,
Dec. Lending by Banks & Trusts
          China Dec Trade Balance (Imports/Exports)
          New Zealand ANZ Dec Commodity Price Index + Nov Credit Card Purchases & Balances
          French Dec HICP
          Italian Nov Industrial Production
          German 2016 GDP, & Public Finance Balance/GDP
          Norges Bank Bpty Gov Nicolaisen panelist at Center for Real Estate Learnging Convention (Oslo)
          Eurozone Nov Industrial Production
          South Africa Nov Industrial Production
          Riksbank Exec Board Meets, publishes Minutes of Dec Meeting (Stockholm)
          India Dec CPI, Nov Industrial & Manufacturing Output
          ECB Minutes of its Dec. MPC Meeting
Thursday,  Jan. 12 BoE MPC Meets , followed by Press Conference
US Weekly Jobless Claims
Fed's Harker on economic outlook @Main Line Chamber of Commerce Annual Meeting w/Q&A (Malvern, PA 8:30am et)
Russia Central Bank Reserves
Philly Fed Revisions to Manufacturers Business Outlook Survey 
US Dec.. Import/Exports Prices
EIA weekly Natural Gas Report (Big Chill & Snow storm)
Canada Nov New Housing Price Index + Ternet/Nat'l Bank Dec Home Price Index
Fed's Evans & Fed's Lockhart discuss economic conditions @American Council of Life Insurers Reinsurance Executive Roundtable (with Q&A 8:30am & 12:30pm et Naples FL)
US Treasury Auctons $12B reopened 30-year Bonds (1pm et)
Fed's Bullard on US Economy & Monetary Policy @Forecasters Club of NY w/Q&A (NY 1:15pm et)
US Treasury Dec. Budget & weekly Money Supply
FOMC Chief Yellen speaks at Town Hall Meeting w/Educators (D.C. 7pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Dec Card Spending
         Singapore Q4 GDP
         South Korea MPC Rate Decision (current 1.25%)
         Chinese Dec Trade Balance (Exports/Imports)
         Singapore Nov Retail Sales
         German Dec Wholesale Price Index (WPI)
         Spanish Dec CPI, & HICP
         Japan Dec Bankruptcies
Friday,       Jan. 13 US Dec. PPI-Final Demand
US Dec Retail Sales
Fed's Harker
discusses Economic Mobility @Ben Franklin B-day Celebration w/Q&A (Philadelphia PA 9:30am et)
Canada Dec Existing Home Sales
US Nov. Business Inventories
(10am et)
U.M. Prelim Jan. 2017 Consumer Sentiment (10am et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
NO early close in any US Market
Saturday,   Jan. 14

         WEEKS AHEAD:  01/16   US Markets Closed: Martin Luther King Jr Day
                                         01/18   BoC
(Canada) MPC Meeets on Rates Issues Monetary Report Gov POloz & Dpty Gov Wilkins Press Conference to discuss monetary report
                                                     Fed's Beige Book
                                         01/19   ECB
MPC Meets on Rates, Draghi Press Conerence
                                         01/31   BoJ
MPC Meets
                                                     ECB's Draghi, EU Commission VP Dombrovskis, ECB Bd Member Mersch @ ECB/European Commission Joint Conference
                                                     BoC Gov. Poloz speaks @U of Alberta School of Biz w/press conference
                             0
1/31--02/01   FOMC MPC Meeting

*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 befor3e 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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