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. 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
Sunday,      Jan. 15     OVERNIGHT into US Mon. a.m. et:
         New Zealand Dec Food Price Index
         Japan Nov Core Machine Orders + Dec PPI & Domestic Corporate Goods Prices
         Aussie TD Securities Dec Inflation
         UK Right Move Jan House Prices
         South Korea Dec Trade Balance
         India Dec WPI Food, Fuel, Consumer, & Manufacturing Inflation
         Italy Dec CPI, HICP
         Japan Dec Machine Tool Orders
         Eurozone Nov Trade Balance
Monday,    Jan. 16 US Holiday All Markets CLOSED for Martin Luther King Jr Day
Canada Dec Existing Home Sales
BoE results of Bond Buying Operations
French 3-, 6-, & 12-month BTF Auction
ECB’s Villeroy & Praet speak at Bank of France’s "Secular Stagnation & Growth Measurement" Conference (Paris France)
BoE’s Carney speaks @London School of Economics
    OVERNIGHT into US Tues. a.m. et:

         South Korea Dec Imports/Exports
         New Zealand NZIER Business Confidence & QSBO Capacity Utilization
         Aussie Nov Home Loans, Investment Lending, Value of all Loans, Dec. New Motor Vehicle Sales
        Singapore Dec Non-Oil Exports
        Japan Nov Industrial Production/Capacity Utilization, Dec Dept Store Sales
        French Dec Gov’t Budget Balance
        Italian Trade Balance
        EU 25 Dec New Car Registrations

        ECB Bank Lending Survey
        UK Dec. CPI, PPI, Retail Price Index (RPI), Nov House Price Index
        South Africa Nov Gold & Mining Production
        ECB’s Nowotny panelist on "euro reforms in turbulent times" @Central & Eastern     European Forum 2017 (thru 18th Vienna Austria )
        German Jan. ZEW Surveys
        Eurozone ZEW Survey
Tuesday,   Jan. 17 Fed’s Wm Dudley speech "Evolving Consumer Behavior: A view from the Federal Reserve Bank of New York @NRF’s Big Show with Q&A (NY 8:45am et)
Empire State/NY Fed Jan Manufacturing Survey + Benchmark Revisions
Fed’s Brainard discusses the impact of fiscal policy on monetary policy @Brookings Institution (D.C. 10am et)
World Economic Forum (aka WEF: Davos-Klosters, Suisse thru 20th)
UK PM May will disclose some Brexit plans.
US Treasury Auctions $34B 3-, & $28B 6-month Bills + $45B 4-week Bills
Sec’y of Education Designee Betsy DaVos rescheduled Confirmation Hearing (US Senate)
Dept of Labor Designee Andy Puzder Confirmation Hearing (US Senate)
Fed’s Williams keynotes the Sacramento Business Review Economic Forecast @Sacramento State U w/Q&A (CA, 6pm et)
Fed Chief Yellen webcast Town Hall w/Educators about the mission & responsibilities of the Federal Reserve Systems (6:30pm et)
    OVERNIGHT into US Wed. a.m. et:
        Chinese Dec. Property Prices

        New Zealand Dec Offshore Holdings & Global Dairy trade Price Index
        German Dec (F) CPI
        South Africa Dec CPI
        UK Dec Jobless Claimant Count/Change, Nov Avg weekly Earnings, ILO Unemployment Rate
        ECB Bank supervision chief Nouy speaks a conference (Koblenz Germany)
        Eurozone Nov Construction Output, Dec CPI
Wed.          Jan. 18 FOMC Chief Yellen speaks on "The Goals of Monetary Policy and How We Pursue Them," @Commonwealth Club w/Q&A (San Francisco 3pm et)
Fed Reserve’s 1st Beige Book in a new Format (2pm et)
MBA weekly Mortgage/Refinance Applications
US Dec. CPI (8:30am et)
US Dec Average Hourly Earnings
Redbook weekly Store Sales Snapshot
US Dec. Industrial Production/Capacity Utilization
NAHB Jan. Housing Market Index

Cabinet Designee Wilbur Ross Rescheduled Confirmation Hearing (US Senate)
BoC MPC Meets, Issues Rate Decision & Monetary Policy Report
BoC Chief Poloz post-Meeting Press Conference
Fed’s Kashkari on Economic Opportunity & Inclusive Growth @Minneapolis Urban League w/Q&A (10am et MN)
US Nov. TICS (Treasury Int’l Capital Flows)
    OVERNIGHT into US Thurs a.m. et:
        South Korea Dec PPI
        New Zealand Nov Building Permits (Consents), Dec Performance of Manufacturing Index, Jan Consumer Confidence, Q4 CPI
        Aussie Jan CPI Expectations
        UK RICS Dec House Price Balance
        Aussie Dec Unemployment Rate
/Change/Participation Rate
        China Dec House Prices
        South Korea Dec CPI
        RBA (Aussie) Dec Fx Transactions
        Japan Dec. Tokyo Condominium Sales, & (F) Dec Machine Tool Orders
        Swiss Dec PPI & Import Prices
        Hong Kong Dec Unemployment Rate
        Eurozone Nov Current Account
        ECB MPC Interest Rate Decision, QE Target
Thursday,  Jan. 19 ECB’s Draghi post-Meeting Press Conference
US Dec. Housing Starts/Building Permits
US weekly Jobless Claims

Canada Nov TICs & Manufacturing Shipments + Sales
Philly Fed Jan Business Outlook
Fed’s Williams keynotes @Solano Economic Development Corp Annual Meeting w/Q&A (Fairfield CT 10am et)
US Treasury Sec’y designee Steve Mnuchin Confirmation Hearing (US Senate)
EIA weekly Natural Gas Report (10:30am et)
EIA weekly Petroleum/Distillates/Gasoline Stats (11am et)
US Treasury Refunding Announcement w/3-, 5-, & 7-yr notes +2-yr FRN
US Treasury Auctions $13B 10-year TIPS
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri a.m. et:
        Japan Reuters Jan Tankan Survey

        BoJ’s Nakaso @International Bankers Association of Japan (Tokyo)
        Aussie HIA Nov New Home Sales
     FOMC Chief Yellen speech "The Economic Outlook and the Conduct of Monetary Policy" @ Stanford Institute for Economic Policy Research w/Q&A (Stanford CA 8pm et)
       China Q4 + YTD GDP, Dec + YTD Industrial Production, Retail Sales, Fixed Assets
       German Dec PPI
       ECB Survey of Professional Forecasters
       UK Dec Retail Sales
       India Bank Loan & Deposit Growth
Friday,      Jan. 20 Fed’s Harker discusses economic outlook @NJ Bankers Ass’n 6th Annual NJ Economic Leadership Forum w/Q&A (Somerset NJ 9am et)
Canada Dec CPI + Nov Retail Sales
Pres. Elect Trump Inaugurated
Timothy Massad Steps Down from CFTC
Baker-Hughes weekly US/North American Rig Count (1pm et down last week for 1st time in months)
Fed’s Williams closing remarks @Bay Area Council 10th Annual Economic Forecast w/Q&A (San Francisco 1pm et)
Saturday,  Jan. 21 Crude Oil Production Cut Monitors Meet for 1st Time (Vienna Austria)

         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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