wall street in advance

November 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,       Nov. 05 Turn US Clocks Back One Hour in ALL but Arizona & Hawaii
    OVERNIGHT into US Mon. a.m. et:
         BoJ Minutes of 9/20--21 Meeting

         China BoP Q3 Current Account Balance
         New Zealand ANZ Oct Commodity Price
         Japan Nikkei Oct Services & Composite PMI
        BoJ Chief Kuroda & Chief Economist speak (Nagoya)
         German Sept Factory Orders
         Swiss Oct CPI
         Markit Eurozone, France, Italy, German, & Spanish Services & Composite PMI
         Eurozone Nov Sentix Investor Confidence + Sept PPI
         Brazil Markit Oct Services & Composite PMI
         Text Released of NY Fed's VP Potter on "Implementing Monetary Policy with the Balance Sheet," delivered at closed ECB workshop on "Money Markets, Monetary Policy Implementation & Central Bank Balance Sheets" (Franfurt)
         Bkof Spain Gov Linde & Bkof Italy Gov Visco speak at Conference (Madrid)
Monday,     Nov. 06 US Treasury Auctions $42B 3-, & $36B 6-month Bills
Canada Ivey Oct PMI
NY Fed's Wm Dudley speaks on Lessons From the Financial Crisis @Economic Club of NY w/Q&A (12:10pm)
TD Ameritrade IMX
BoC (Canada) Poloz speaks (Montreal)
    OVERNIGHT into US Tues. a.m. et:
         Aussie TD Securities Oct Inflation + Job Ads + AiG Oct Performance of Construction Index
         Chinese Oct. FX Reserves
         Japan Sept Labor & Real Cash Earnings
         UK BRC Oct Like for Like Sales
         RBA (Aussie) MPC Decision Announced
(Nov 7 local time)
         South Africa Oct FX Reserves
         Aussie Oct FX Reeserves
         Hong Kong Oct FX Reserves
         Swiss Oct FX Reserves
         Singapore Oct FX Reserves
         Italian Sept Retail Sales
         German Sept Industrial Production + Oct Construction PMI
         Eurozone Sept PPI + Oct. Retail PMI
         German, French, Italian Sept Retail PMI
         Eurozone Sept Retail Sales
         UK Halifax Oct House Prices

         ECB's Dragi & Nouy speak at banking supervision conference
Tuesday,   Nov. 07 NFIB Small Business Optimism Index
Redbook weekly Store Sales Snapshot
Canada Ivey Oct PMI
JOLTS (Job Quits & Turnover)
US Fed Gov Quarles (new!!!) speaks @Clearing House Conference
US Treasury Auction s 4-wk & $20B 52-week Bills (11:30am et)
BoC's Poloz speaks @CFA Montreal & Montreal Council on Foreign Relations
US Treasury Auctions $24B 3-year Notes (1pm et)
US Sept Consumer Credit
    OVERNIGHT into US Wed. a.m. et:
         Aussie AiG Oct Construction Index
         Japan Official Oct  FX Reserve Assets
         China Oct Trade Balance, Foreign Direct Invcestment
         French Sept Trade Balance
         BoJ's Funo speaks (Miyazaki)
         BoJ Summary of Opinions @Oct 30--31 Meeting  (11/08 local time)
         IMF's Lagarde, BoJ's Kuroda, Japan FinMin Aso speak at IMF hosted seminar on sustainable growth in Asia-Pacific Region (Tokyo)
Wed.         Nov. 08 MBA weekly Mortgage/Refinance Applications
Canada Oct Housing Starts & Sept Building Permits
Brazil Oct Auto Production & Sales + FX Flows
EIA weekly Petroleum/Gasoline/Distillates Report (w/e 11/03)
US Treasury Auctions $23B 10-year Notes
    OVERNIGHT into US Thurs. a.m. et:

         RBNZ (New Zealand) MPC Interest Rate Decision
         Japan Sept Current Account + Oct Bank Lending
         Japan Sept Machinery Orders, Sept Trade Balance
         RBNZ REINZ Oct House Sales
         UK RICS Oct House Price Balance
         Aussie Sept Home Loans, Investment Lending, Value of  Loans
         China Oct CPI + PPI
         Swiss Oct Unemployment Rate
         German Sept Trade Balance
         South Africa Sept Gold + Mining Production
         Russia FX Reserves
         ECB Publishes Economic Bulletin
         UK Sept Industral & Manufacturing Production, + Construction Output
         UK Sept  Trade Balance, NIESR Oct GDP
         ECB VP Constancio speaks at Rome Regulatory Conference (Rome)
         EU Commission Economic Forecasts
            
Thursday, Nov. 09 US weekly Jobless Claims
Canada Sept New Housing Price Index
US Sept Wholesale Inventory & Trade
US Sec'y of Treas. Mnuchin speaks @Economic Club of NY (10:45am et)
ECB's Lautenschlager speech on "Monetary, FInancial & Prudential Policy Interactions in the Post-Crisis World" Conference from BoE/HKMA/IMF (D.C.)
EIA weekly Natural Gas Report|
SNB (Swiss) Jordan speaks (Frankfurt)
US Treasury Auctions $15B 30-year Bonds
US Treasury Refunding Announcement
Fed's Weekly Balance Sheet  & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         Riksbank Dpty Gov Skingsley on changes in payments markets at Paris Conference on "Towards the end of cash?" (Paris France)
         SNB's Jordan delivers CFS Presidential Lectures (Frankfurt)
         New Zealand Oct Card Spending/Retail Card Spending
         China Oct New Yuan Loans + Aggregate Financing & Money Supply
         RBA Statement on Monetary Policy
         Swedish Central Bank Publishes Minutes of Monetary Policy Meeting
         Japan Nov. Reuters Tankan Index
         Singapore Sept Retail Sales
         Italian Sept Industrial Production
         Hong Kong Q3 GDP
         Japan Sept Tertiary Industry Index
         UK Sept Construction, Manufacturing, & Industrial Output +Trade Balance
         Brazil Oct CPI
         Russia Sept Trade Balance
Friday,       Nov. 10 U.M. Interim Nov. Consumer Sentiment
Baker-Hughes weekly Rig Count
US Treasury Budget
Saturday,   Nov. 11 US Veterans Day
ECB Chief Draghi speaks (Milan)
French Foreign Minister Le Drian & FinMin Le Maire at Franco-Algerian Economic Forum (Algiers)
Sunday,       Nov 12     OVERNIGHT into US Mon. a.m. et:
         RBA's Debelle speaks (Sydney)
         South Korea Oct Import/Export Prices
         Japan Oct PPI + Domestic Corporate Goods Price Index
         Fed's Harker on Balance Sheet Normalization @Global Interdepence Center Central Banking Series: Japan(Tokyo)
         Aussie Sept Credit Card Purchases
         World Economic Forum Annual Meeting on Global Future (Dubai UAE)
         Japan Oct (P) Machine Tool Orders
         ECB's Constancio opens @ 20th Euro Finance Week (Frankfurt DE thru 16th)
Monday,      Nov 13 US Q3 Mortgage Delinquencies & Foreclosures
US Treasury Auctions $42B 3-, & $36B 6-month Bills
BoJ's Kuroda speaks (Zurich)
Reuters Global Investment Outlook 2018 (NY, London, Hong Kong & Singapore)
US monthly Treasury Budget
    OVERNIGHT into US Tues. a.m. et:
        Aussie NAB Oct Business Conditions/Confidence
        China Oct Retail Sales, Fixed Assets Investment, Industrial Production
        Fed's Evans on "The future of Odyssean & Delphic Guidance @ECB's Central Bank Communications Conference(Frankfurt Germany 3:05am)
        German Q3 (P) GDP + (F) Oct CPI
         India Sept Industrial Production/Manufacturing Output + Oct CPI +WPI
         Russia Q3 GDP
        German Oct Wholesale Price Index, CPI, HICP
        Spanish Oct CPI, HICP
        Swiss OCt Import & Producer Prices
        Italian Q3 (P) GDP
        ECB's Lautenschlaeger speaks (Frankfurt)
        UK Oct CPI, Retail Price Index, PPI input & output, Sept House Price Index
        Italian Oct CPI & HICP
        Eurozone Sept Industrial Production, ZEW Nov. Survey of Current & Future Conditions
        German ZEW Nov Economic Sentiment, Outlook
        Brazil Sept Retail Sales
        FOMC Chief Yellen on panel with Draghi, Kuroda & BoEe's Carney @ECB Conference on Central Bank Communication (11am local time Frankfurt thru 15th) Other speakers at the same conference, today, from BoC, GS, UniCredit, BIS, Brookings Institution, Reuters, IMF
        Eurozone Q3 (P) GDP
Tuesday,     Nov 14 NFIB Small Business Nov. Optimism
Fed's Bullard presentation on US Economy & Monetary Policy @Economic Update Breakfast w/Q&A from Ass'n for Corporate Growth & St Louis Fed Reserve (Louisville KY 8:15am et)
ECB's Coeure speaks at Brussels Conference
US Oct. PPI-Final Demand
Redbook weekly store sales snapshot
Fed's Bostic speaks on Eco Outlook & Monetary Policy @35th Annual Business & Economic Forum Auburn Univ., Chamber of Commerce & Committee of 100   (Montgomery Alabama)
Milken Institute Partnering for Cures (San Francisco)
    OVERNIGHT into US Wed. a.m. et;
         Japan Q3 (P) GDP/Domestic Consumption/Business Spending
         So Korea Oct Unemployment Rate
         UK Sept Avg Weekly Earnings
         Aussie Q3 Wage Price Index, Oct New Motor Vehicle Sales
         Japan Sept (F) Industrial Production/Capacity Utilization & Tokyo Condo Sales
         French Oct CPI & HICP
         South Korea Oct Trade Balance
         RBA's Ellis speaks (Melbourne)
         Fed's Evans panelist on current conditions & monetary policy at UBS European Conference w/Q&A (London 3am)
         UK Oct Jobless Claims/ILO Sept Unemployment Rate/Change, Earnings
         Eurozone Sept Unemployment Rate & Trade Balance
         South Africa Sept Retail Sales
         ECB's Praet, BoE's Haldane speak @Central Bank Communications Event (Frankfufrt)
Wed.,         Nov. 15 MBA weekly Mortgage/Refinance Applications
US Oct CPI
US Oct Retail Sales
Canada Teranet/National Bank Oct HPI (House Price Index)
+ Existing Home Sales
Empire State NY Fed Manufacturing Survey
NY Fed Exec V.P. Held speaks at Jt Meeting of the Administration & Banking Law Cmtes (NY)
Atlanta Fed Business Inflation Expectations
US Sept Business Inventories
Dementia & Democracy: America's Aging Judges & Politicians (Cambridge MA)
EIA weekly Petroleum/Gasoline/Distillates Stats
US Sept TICS
Fed's Kaplan discusses national & global eco issues with Jan W Rivkin of Harvard Biz School (5:30pm ct Dallas TX)
BoC's Dpty Gov. Wlkins speaks @Money Marketeers of NYU (NY 5:30pm)
    OVERNIGHT into US Thurs. a..m. et
         Japan Q3 Housing Loans
         China Oct FX Net Settlement
         BoE's Broadbent, Carney, Haldane speak at BoE's Future Forum (morning session Liverpool)
         Aussie Oct Unemployment Rate/Change/Participation
         RBA (Oct) FX Transactions
         Japan Oct (F) Machne Tool Orders
         French Q3 Unemployment Rate
         Hong Kong Oct Unemployment Rate
         Italian Sept Trade Balance
         EU Oct 25 New Car Registrations
         UK Oct Retail Sales
         Eurozone Oct (F) CPI
         Russia FX Reserves
         Canada Sept Manufacturing Sales + Int'l Securities Transactions
         BoE Chief Carney speaks at BoE Future Forum, as do BoE's Cunliffe, Place, Ramsden,  (afternoon session Liverpool UK)
Thursday, Nov. 16 SNB's Maechler speaks (Geneva)
US weekly Jobless Claims
Philly Fed Current Conditions & Business Outlook Survey
US Oct Import/Export Prices
Canada Sept Manufacturing Sales & Foreign Securities Purchased
Fed's Mester keynotes at the Cato Institute's 35th Annual Monetary Conference:The Future of Monetary Policy (D.C. 9:10am) John Taylor speaks
US Oct Industrial Production
NAHB Oct Housing Market Index

EIA weekly Natural Gas Report
US Treasury Refunding Announcement
US Auctions reopened $11B 10-year TIPS
IMF Statistical Forum--Measuring the Digital Economy "Could Corrected Measures of the Digital Economy Help Us Find the Missing Growth?"   (D.C.)
Fed's Kaplan Q&A at CFA Society Houston w/Q&A +Media (1:10pm)
Mickey Levy (Berenberg), Martin Felstein, Kevin Warsh, share a panel @Cato Institute 35th Annual Monetary Conference on "Normalizing Monetary Policy"
Fed's Brainard keynotes FinTech Risks & Opportunities: An Interdisciplinary Approach @Jt U.M. Law School + US Treasury Dept Office of Financial Research (3:45pm Ann Arbor MI thru 17th)
Fed's weekly Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         ECB's Constancio speaks (Ottawa)
         New Zealand Oct Manufacturing & Producer PMI, Q3 PPI & Motor Vehicle Sales
         Singapore Oct non-Oil Exports
         Japan Oct Dept Store Sales
         ECB's Draghi & Bundesbank's Weimann speak at Frankfurt European Banking Conference (9:03cet Franfurt)
         Eurozone Sept Current Account, Construction Output
Friday,      Nov. 17 US Oct Housing Starts/Building Permits
NY Fed's Dudley speaks at "Evolution of Work," @Fed Reserve Bk of NY (9:10am)  also speaker BLS Commish Erica Groshen, Alan Krueger (Princeton), ETSY CEO, Glenn Hutchins (now with North Island), The Freelancers Union Pres, Fed Gov. Lael Brainard (11:50am), AFL-CIO, Heritage Foundation, US Senator Mark Warner, and more
Canada Oct CPI
K.C. Fed Nov Manufacturing Index
Baker-Hughes weekly US/North American Rig Count (1pm et)
US Office of Financial Research Dir. Richard Berner closes UM FinTech Conf (3pm)
Fed's Williams speaks with Reporters
Saturday, Nov. 18 China Oct. Property Prices

         WEEKS AHEAD:  12/05  RBA (Aussie) MPC Decision
                                       12/06   BoC (Canada) MPC Meets
                                       12/12   FOMC 2-day Meeting Starts
                                       12/13   FOMC Statement, SEP (Member Financial Projections)
                                                    Yellen (final?) Press Conference
                                       12/14   ECB
MPC Meets on Rates
                                                   BoE MPC Rate Decision
                                                    SNB MPC Rate Decision
                                                   Norges Bank (Norway) MPC Meets
                                      12/21    BoJ MPC Meets

*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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