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 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
Sunday,    Sept. 17     OVERNIGHT into US Mon. a.m. et:
         UK Rightmove Sept House Prices

         Singapore Aug Exports
         China Aug Net FX Settlement, Aug Property/House Prices
         Aussie Aug New Motor Vehicle Sales
         Italian July Trade Balance
         Hong Kong Aug Unemployment Rate
         Eurozone Aug CPI
         Canada July Int'l Securities Transactions
Monday,  Sept. 18 NAHB Sept Housing Market Index
US Treasury Auctions $42B 3-, & $36B 6-month Bills
BoE Gov Carney lectures @ IMF followed by discussion with Mng Dir Lagarde (Washington DC)
U.N. General Assembly Debates North Korea Sanctions

US TICS
Bk of Canada Dpty Gov Lane speaks @Saskatoon Regional Economic Development Event
Japanese Holiday
    OVERNIGHT into US Tues. a.m. et:
         South Korea Aug PPI
         RBA's Ellis speaks (Sydney)
         Japan Unveils Outright 5--10 years Bond Purchases
         Aussie Q2 House Price Index
         RBA (Aussie) Sept MPC Meeting Minutes
         Eurozone July Current Account, Construction Output
         German Sept ZEW Surveys
Tuesday,  Sept. 19 FOMC 2-day MPC Meeting Begins
US Aug. Housing Starts/Building/Permits
US Q2 Current Account Deficit
US Aug Import/Export Prices
Canada July Manufacturing Shipments
Redbook weekly Store Sales Snapshot
    OVERNIGHT into US Wed. a.m. et:
         Russia Aug Unemployment Rate
         New Zealand Q2 Current Account Balance
         BoJ MPC Meeting (thru 21st; starts 9/20 local time)
         Japan Aug. Merchandise Trade Balance (Imports/Exports)
         RBA Gov Lowe speaks (Perth) & Aug Aussie Skilled Vacancies
         German Aug PPI
         South Africa Aug CPI
         Japan Aug Convenience Store Sales
         UK Aug Retail Sales
Wed.,       Sept. 20 MBA weekly Mortgage/Refinance Applications
NAR Aug Existing Home Sales
EIA weekly Petroleum/Gasoline/Distillate Stats
(w/e 9/15)
Brazil FX Flows
FOMC post-Meeting Statement + SEP (Member Forecasts 2pm et)
Fed Chair Yellen's Press Conference (2:30pm et)

Jewish High Holy Holidays start with Rosh Hashana at Sundown
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Q2 GDP, Aug Net Migration
         BoJ Monetary Policy Statement, Rate Decision (9/21 local time)
         RBA Aug FX Transactions
         New Zealand Aug Credit Card Spending
         Japan July All Industry Activity Index, Aug Supermarket Sales
         Swiss Sept SECO Economic Forecasts, Aug Trade Balance (Imports/Exports)
         BoJ Kuroda post-MPC Meeting Press Conference
         ECB Publishes Economic Bulletin

         ECB Pres Draghi speaks at conference; Other speakers include Constancio, European Banking Authority Chief Enria & Riksbank chief Ingves  (Frankfurt)
         Riksbank publishes Minutes from MPC Meeting (09/21 local time)
         UK BBA Aug Loans for House Purchases, Public Finances, Central Gov't NCR/Public Sector Net Borrowing
Thursday, Sept 21 US weekly Jobless Claims (more Harvey & now, Irma Applications)
Canada July Wholsale Sales
Philly Fed Sept Business Survey/Outlook/Orders/Prices Paid/Employment 
FHFA July House Price Index
South Africa Sept Interest Rate Decision (current 6.75%)
Eurozone Sept Adv. Consumer Confidence
EIA weekly Natural Gas Report
US Treasury Auctions Reopened $11B 10-year TIPS
US Treasury Refunding Announcement
US weekly Money Supply & Fed Balance Sheet
Reformed Jews end Rosh Hashana at Sundown
    OVERNIGHT into US Fri. a.m. et:
         French Q2 (F) GDP, Markit Sept Manufacturing, Services & Composite PMI
         Eurozone+German Markit Sept (P) Manufacturing/Services & Composite PMI
         SNB's Moser speaks @SIX & SFAA "Future of Libor" Conf. (Zurich)
         UK CBI Sept Trends in Total Orders & Selling Prices
         Fed's Williams speaks @SNB (Swiss Nat'l Bank) Research Conference on "Monetary Policy Design, Conduct & Effects" w/Q&A  (6am et Zurich Suisse to 22nd)
         Canada Aug CPI + July Retail Sales
         OPEC & non-OPEC Producers Meet on Supply Cuts (Vienna Austria)
Friday,      Sept 22 Fed's George keynotes K.C. + Dallas Feds: "Global Oil Supply & Demand: Prospects for Greater Balance" Conference w/Q&A (Oklahoma City OK 9:30am et)
Atlanta Fed Business Inflation Expectations
Markit US Flash Sept Manufacturing, Services & Composite PMI
Baker-Hughes US/North American weekly Rig Count (1pm et)
Fed's Kaplan moderated Q&A at Jt Fed Global Oil Supply & Demand Conference (1:30pm)
More Orthodox & Conservative Jews End Rosh Hashana observance at Sundown
Saturday, Sept 23 Japan Holiday: Autumn Equinox
New Zealand Elections will determine Prime Minister

         WEEKS AHEAD:  09/26--27   Fed Reserve Board Conference:"Disparities in the Labor Market: What Are We Missing?"
Page down for agenda & speakers
                                                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.
                     

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