wall street in advance

August 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,    Aug. 13     OVERNIGHT into US Mon. a.m. et:
         RBA's (Aussie) Kent speaks (Sydney)
         New Zealand Q2 Retail Sales
         Japan Q2 (P) GDP, Deflator, Private Consumption, Business Spending
         Aussie Jun Credit Card Purchases/Balance
         China July Retail Sales, Industrial Production, Fixed Asset Investments
         India July WPI Manufacturing, Food, Fuel Inflation, CPI & Trade Balance 
         Eurozone June Industrial Production/Utilization
         Teranet/Nat'l Bank July Canada Home Price Index
Monday,   Aug. 14 US Treasury Auctions $39B 3-, & $33B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:

         South Korea July Trade Balance
         Aussie July New Motor Vehicle jSales
         RBA Minutes of Rate Meeting
         Japan Jun Industrial Production/Capacity Utilization
         German Q2 GDP
         Swiss July Producer + Import  Prices
         UK July CPI, Retail Price Index, PPI, June House Price Index
         Eurozone ZEW Economic Sentiment Survey
Tuesday,  Aug. 15 US July Retail Sales
Empire State NY Fed Aug Manufacturing Survey
US July Import/Export Prices
Brazil Jun Retail Sales
Redbook weekly store sales snapshot
US June Business Inventories
NAHB Aug. Housing Market Index

US Treasury Auctions $20B 52-week Bills (Light wk for issuance)
Canada July Existing Home Sales
US June TICS
Holidays in India, South Korea & Italy
    OVERNIGHT into US Wed. a.m. et:
         RBA's (Aussie) Ellis speaks (Canberra)
         China July FX Net Settlement
         BoJ Discloses outright Bond Purchases
         Aussie Q2 Wage Cost Index
         Italy Q2 (P) GDP
         UK ILO Jun Unemployment Rate/Change, July Claims, Avg Wkly Earnings
         Eurozone Q2 GDP
Wed.        Aug. 16 FOMC Minutes of the July 25--26 Meeting  (2pm et)
MBA weekly Mortgage/Refinance Applications
July Housing Starts/Building Permits
Atlanta Fed Business Inflation Expectations
Canada June Int'l Securities Transactions
EIA weekly Petroleum/Distillates/Gasoline Report (w/e 08/11)
3-way NAFTA Renegotiations start between US, Canada & Mexico (D.C.)
Brazil FX Flows
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand Q2 PPI, Aug CPI
         Japan July Trade Balance (Imports/Exports), Dept Store Sales
         Singapore July non-Oil Exports
         Aussie July Unemployment Rate/Change/Participation
         French Q2 Unemployment Rate
         RBA July FX Transactions
         UK July Retail Sales
         Hong Kong July Unemployment Rate
         Eurozone June Trade Balance, Jul CPI
         ECB Releases Minutes of its Monetary Policy Meeting
         Canadian June Manufacturers' Shipments
Thursday, Aug. 17 US weekly Jobless Claims
Philly Fed Business Outlook Survey
US July Industrial Production/Capacity Utilization
Q2 eCommerce Retail Sales
Canadian June Manufacturing Sales
Russia June Unemployment Rate & Central Bank Reserves
EIA weekly Natural Gas Report
Fed's Kaplan moderated Q&A hosted by Lubbock Chamber of Commerce (1pm)
Fed's Kashkari moderated Q&A at Edina Rotary Club (MN 1:45pm)
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et;
         Japan Details Shorter Term Bond Purchases
         China July Property/House Prices
         German July PPI
         India Bank Loan & Deposit Growth
         Eurozone Jun Current Account, Construction Output
Friday,     Aug. 18 Canada July CPI
U.M. (P) Aug. Consumer Sentiment
Fed's Kaplan moderated Q&A @Dallas Community College Conf. Day (10:15am)
Baker-Hughes weekly US/North American Rig Count (1pm)
Saturday, Aug. 19
Sunday,    Aug. 20     OVERNIGHT into US Mon. a.m. et:
         South Korea July PPI
         UK Rightmove Aug House Prices
         New Zealand July Credit Card Spending & July Migration/Visitors
         Japan All Industry June Activity Index + July Convenience Store Sales
         Japan Aug. Reuters/Tankan Index
         UK July Public Finances, Central Gov't NCR, Public Center Net Borrowing  Rightmove House Price Index (m/o/m)  
Monday,   Aug. 21 Total Eclipse in US ends 2:59pm et
MBA Q2 Mortgage Delinquencies & Foreclosures
Chicago Fed Nat'l Activity Index
Canada June Wholesale Sales
French BTF Auctions
US Treasury Auctions $39B 3-, & $33B 6-month Bills
    OVERNIGHT into US Tues. a.m. et:
         Japan July Supermarket Sales
         Swiss July Trade Balance
         German Aug. ZEW Survey
         UK CBI Aug Total Orders, Selling Prices
, July Public Sector Net Cash & Borrowing
         ECB's Constancio speaks at Economists' Congress (Lisbon Portugal)
         
Tuesday,  Aug. 22 Redbook weekly store sales snapshot
Canada June Retail Sales
FHFA June + Q2 House Price Index
Richmond Fed Manufacturing Index
    OVERNIGHT into US Wed. a.m. et:
          BoJ Discloses Outright Bond Purchases + July (F) Machine Tool Orders, & Aug Manufacturing PMI
          Riksbank Executive Board meeting
          ECB's Draghi speaks (Lindau Germany)
          Markit Eurozone, France, Germany, Italy, Aug (P) Manufacturing/Services/ Composite PMI
          South Africa July CPI
Wed.,       Aug. 23 MBA weekly Mortgage/Refinance Applications (rates made near-term lows last week)
Canadian Jun Retail Sales
US July New Home Sales
Markit US (P) Aug Manufacturing/Services/Composite PMI
EIA weekly Petroleum/Distillates/Gasoline Stats (thru 08/18)
Brazil July Current Account & Foreign Direct Investment + FX Flows
US Treasury $13B reopened 2-yr FRN Note Auction
Fed's Kaplan participates in moderated Q&A at Permian Basin Petroleum Ass'n Membership luncheon (Midland TX 1:05pm)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand July Trade Balance
         French Aug Business Survey, Q3 Industrial Investments
         Riksbank 1st Dpty Gov af Jochnick participates in seminar on Swedish Eco
         Spain Q2 GDP
         German July Import Prices
         Swiss Q2 Industrial & Construction Output, Industrial Production/Orders
         UK BBA Loans for House Purchases, Q2 (P) GDP, Private Consumption, Gov't Spending, Total Business Investment, Gross Fixed Capital Formation, Exports/Imports, Jun Index of Services, Aug CBI Retailing Reported Sales & CBI Total Distributed Reported Sales
        Hong Kong July Trade Balance
Thursday, Aug 24 K.C. Fed 41st Economic Symposium, ECB's Coeure speaks  (Jackson Hole WY thru 26th)
Canada Corporate Profits Q/o/Q
Brazil July Bank Lending
US weekly Jobless Claims
Markit Flash Aug. Composite PMI
K.C. Aug. Fed Manufacturing & Composite Index
US July Existing Home Sales
EIA weekly Natural Gas Report
US Treasury Refunding Announcement
US Treasury Auctions $14B reopened 5-year TIPS
Weekly US Fed Balance Sheet & US Money Supply (4:03pm et)
    OVERNIGHT into US Fri. a.m. et:
         South Korea Aug Consumer Sentiment
         Japan July CPI, Corporate Services Price Index
         BoJ Outright 5-10 years JGB Purchases
         Singapore Jul Industrial Production
        German Q2 (F) GDP, Private Consumption, Gov't Spending, capital Investment, ConstructioN Investment, Domestic Demand, Exports/Imports
         German Aug IFO Business Survey
Friday,      Aug. 25 FOMC Chief Yellen speaks on Financial Stability @K.C. Fed Economic Summit (10am et Jackson Hole)
ECB's Draghi speaker during luncheon
US July Durable Goods Orders/Shipments
Baker-Hughes weekly US/North American Rig Count (1pm et)
India Holiday
Saturday, Aug. 26 K.C. Fed Economic Policy Symposium wraps (Jackson Hole WY)

         WEEKS AHEAD:  09/04     US Markets Closed for Labor Day Holiday
                                        09/05     Fed Gov Brainard speaks @Economic Club of NY
                                                      RBA (Aussie) MPC Meets
                                        09/06     Fed's Beige Book
                                                     
Bk of Canada MPC Rate Meeting
                                                       Sweden's Riksbank MPC rate Meeting (decision on 09/07)
                                        09/07     ECB MPC Meeting followed by Draghi Press Conference
                                                      NY Fed's Dudley speaks @Money Marketeers of NYU
                                       09/14    
Swiss National Bank MPC Meets
                                                      BoE MPC Rate Decision + Minutes
                                 09/19--20     FOMC Meets
(2-days)
                                        09/20     FOMC Statement, Updated SEP (Financial Projections)
                                                     Janet Yellen Press Conference
                                 09/20--21     BoJ MPC Meets
(thru 21st) 

*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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