wall street in advance

February/March 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. 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)
Sunday,     Mar. 05 China National Peoples' Congress (thru 12th)
China Premier Xi Press Conference
Japan Emperor Akhito visits Vietnam seeking ally against China's island building
    OVERNIGHT Into US Mon. a.m. et:
          New Zealand Jan Building Permits
          Aussie Feb. TD Securities Inflation, Jan Auto & Retail Sales
          Markit Feb German Construction & Retail PMI
          UK Feb New Car Registrations
          Eurozone Mar. Sentix Investor Confidence   
          French 3-, 6-, & 12-month BTF Auction      
Monday,   Mar. 06 Fed's ("TBTF") Kashkari "A View from the Federal Reserve Bk of Minneapolis @NABE policy conference. Other notable speakers: Stiglitz, Hubbard, Furman, NAHB, CBO, Stockton (3pm et D.C.)
US Jan. Factory Orders
US (F) Jan Durable Goods Orders/Shipments
Brazil Feb Auto Production/Sales, Markit Servies + Composite PMI
US Treasury Auctions $30B 3-, & $24B 6-month Bills
TD Ameritrade IMX (12:30pm et)
    OVERNIGHT into US Tues. a.m. et:
         RBNZ Gov Wheeler speaks (Auckland)
         Aussie AIG Feb Performance of Construction Index & Consumer Confidence
         Japan Feb Official Reserves
         China Feb FX Reserves
         RBA (Aussie) MPC Rate Decision + Statement (03/07 local time)
         Japan Feb CPI
         German Jan Factory Orders
         Swiss Feb FX Reserves
         UK Feb. Halifax House Prices +   Retail Sales Monitor
         South Africa Feb FX Reserves
         French Jan Goverment Budget
         Hong Kong & Singapore Feb FX Reserves
         Italy Jan PPI        
         German Jan Factory Orders
         South Africa 16Q4 GDP
         Norges Bank Dpty Gov Matsen speech at "Energy Transition 2017-- Strategies for a sustainable energy future" Conference (Trondheim Norwar)
         Riksbank (Sweden) Executive Board Meeting
         Eurozone 16Q4 (F) GDP, Gross Fixed Capital, Gov't Expenditures, Household Consumption
Tuesday,   Mar. 07 Feb NFIB Small Business Sentiment
US Jan. International Trade Deficit
Canada Jan Int'l Merchandise Trade Balance, Ivey Feb PMI
Brazil 16Q4 GDP  + Feb IGP-DI INflation Index
US Auctions $24B 3-year Notes (1pm et)
US Jan Consumer Credit (Debt, really 3pm et)
    OVERNIGHT into US Wed. a.m. et:
          New Zealand 16Q4 Manufacturing Activity & Feb Heavy Truckometer
          Japan 16Q4 (F) GDP, Private Consumption & Business Spending, Jan Current Account/Trade Balance & Feb. Bank Lending
          China Feb. Foreign Direct Investment, Trade Balance (Imports/ Exports)
          Japan Feb Bankruptcies +30-year JGB Auction
          German Jan. Industrial Production
          French Jan Trade Balance (Imports/Exports)
          Spanish Jan Industrial Production
          Swiss Feb CPI
          South Africa Feb Business Confidence
          Brazil Jan Industrial Production
Wed.,        Mar. 08 MBA weekly Mortgage/Refinance Applications
ADP Feb. Employment Report
Canada Feb Housing Starts, Jan. Building Permits, Q4 Labor Productivity
US 16Q4 (F) Productivity & Costs
US Jan. Wholesale Trade
EIA weekly Petroleum/Distillates/Gasoline Stats
US Treasury Auctions $20B reopened 10-year Notes (1pm et)
    OVERNIGHT into US Thurs. a.m. et;
         Japan Feb M3, Jan Labor Cash Earnings & Feb Machine Tool Orders
         New Zealand Feb REINZ House Sales
         UK RICS Feb House Price Balance
         Chinese Feb CPI  & PPI
         Swiss Feb Unemployment Rate
         French Q4 Non-Farm Payrolls
         OECD Economic Outlook
         ECB MPC Meets, Announces Rate Decision, QE Target  (03/09 local time)
Thursday,  Mar. 09 Challenger Feb. Job-Cut Report
ECB post-Meeting Press Conference
SEC Investor Advisory Cmte Meeting
US weekly Jobless Claims
US Feb. Import/Export Prices
Russia Central Bank Reserves
Canada Q4 Capacity Utilization, Jan New Housing Price Index
16Q4 US Census Qtrly Services Survey/Change in Household Net Worth
US Treasury Auctions $12B reopened 30-year Bonds
EIA weekly Natural Gas Report (thru 03/03)
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:
          New Zealand Feb Card Spending
          Japan BSI Q1 Large Manufacturing, Feb Corporate Goods Price Index +PPI
          China Feb Aggregate Financing, New Yuan Loans
          Aussie Jan Home Loans, Investment Lending, Value of All Loans
          Singapore Jan Retail Sales
          German Jan Current Account, Trade Balance, Q4 Labor Costs
          French Jan Industrial Production
          Italy Quarterly Unemployment Rate (Current 11.6%)
          UK Jan Industrial & Manufacturing Production, Construction Output
          UK Jan. Visible Trade Balance, BoE/TNS Feb 12-mo Inflation Expectations
          India Jan Industrial Production, Manufacturing Output
          Brazil Feb CPI
Friday,      Mar. 10 US BLS Feb Unemployment Situation Report/Change/Participation/Earnings
Canada Feb Employment Report/Change/Participation
UK NIESR Feb GDP
Baker-Hughes weekly US/North American Rig Count (1pm et)
US Treasury Budget  
(5 days to debt ceiling showdown)
Saturday,  Mar. 11

         WEEKS AHEAD: 03/14--15    FOMC Meets,
                                                03/15    FOMC Updates Forecasts +
                                                             Yellen post-FOMC Meeting PressConference

                                               03/16    BoE MPC Meets
                                                            US Debt Ceiling Back in Play
                                                             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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