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. 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 (approx 3pm et)
Riksbank Gov Ingves participates in panel @Jackson Hole K.C. Summit
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 Symposium "Fostering a Dynamic Global Economy," wraps (Jackson Hole WY)
Brazil FinMin Meirelles addresses the 8th Annual Investor Summit
Sunday,    Aug. 27     OVERNIGHT into US Mon. a.m. et:
         German July Retail Sales
         China July Industrial Profits
         BoJ discloses 1--3 & 3--5 yr Bond Purchases
         Swiss Unemployment Rate/Change
         Eurozone July M3 & Private Sector Loans
Monday,   Aug. 28 US (P) July Trade Deficit
US July (P) Wholesale & Retail Inventories

French 3-, 6-, 12-month BTF Auctions
Dallas Fed Aug Manufacturing Activity
US Treasury Auctions $33B 6-month Bills + $26B 2-year Notes (11:03am et)
US Treasury Auctions $39B 3-month Bills + $34B 5-year Notes (1pm et)
    OVERNIGHT into US Tues. a.m. et:
         Japan July Jobless Rate &   Household Spending, BoJ Core CPI
         South Korea Sept BSI Index
         German GfK Sept Consumer Survey
         French Q2 (P) GDP & July Consumer Spending
         Spain Aug CPI & HICP
         Hong Kong July Retail Sales
         UK Nationwide Aug. Home Price Index
Tuesday,  Aug. 29 Canada July Industrial Products (IPPI) & Raw Materials Price (RMPI) Indexes
Redbook weekly store sales snapshot
S&P CoreLogic/Shiller June 20-city Home Price Index
Conference Board's Aug. Consumer Confidence
Chico Fed's Evans opens the Large-Bank Directors Conference
US Treasury Auctions $28B 7-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand July Building Permits
         UK Aug. BRC Shop Price Index
        Japan July Retail Trade
         BoJ discloses Outright 5--10 years + 10--25 years & 25+  Bond Purchases
         Aussie July Building & Private House Approvals + Q2 Construction Work Done
         South Africa July Private Sector Credit & M3 Money Supply
         Spain Aug HICP
         Swiss ZEW Aug Expectations, UBS July Consumer Indicator, & Aug Credit Suisse Survey Expectations
         UK July Net Consumer Credit, Lending for Dwellings, Mortgage Approvals, M4 Money Supply
         Italy July PPI
         Eurozone Aug Economic Confidence, Business Climate Indicator, Services & Consumer Confidence, Industrial Sentiment  
Wed.        Aug. 30 German Aug (P) CPI & HICP
MBA weekly Mortgage/Refinance Applications
ADP Aug. Private Sector Employment Report
US Q2 (P) GDP, PCE
Canada Q2 Current Account
Brazil July Budget Balance, Debt/GDP Ratio
US Q2 Corporate Profits
Fed Gov J. Powell speaks on "The Role of Boards at Large Financial Firms" at breakfast during Chicago Fed's "Large-Bank Directors" Summit w/Q&A (9:15am)
EIA weekly Petroleum/Distillates/Gasoline Stats (w/e 08/24)
Brazil FX Flows
USDA Farm Prices (3pm et)
    OVERNIGHT into US Thurs. a.m. et:
         South Korea July Industrial Production, Service Sector Output
         Japan July (P) Industrial Production, Loans & discounts
         UK GfK Aug Consumer Confidence Survey & Lloyds Business Barometer
         New Zealand ANZ Aug Activity, Outlook & Business Confidence
         Aussie HIA July New Home Sales, Q2 Building Capital Expenditures
         China Aug Manufaturing & Non-Manufacturing PMIs, Swift Global Payments
         Aussie July Private Sector Credit, Q2 Private Capital Expenditures
         Singapore July Bank Lending
         BoJ's Masai speaks & holds press conference (Matsuyama)
         RBA's (Aussie MPC) Harris participates in a panel at a conference
         Japan July Housing Starts, Vehicle & Industrial Production, Construction Orders
         South Korea Aug MPC Interest Rate Decision
         German Aug. Unemployment Rate/Change & July Retail Sales
         Spain July Retail Sales + June Current Account
         Eurozone July Unemployment Rate, Aug CPI  

         Italy July Unemployment Rate/Change, Aug CPI & HICP
         South Africa July PPI & Trade Balance
         India Q1 GDP, July Federal Fiscal Deficit, Insfrastructure Output
         India FinMin Jaitley speaks @The Economist's (magazine) India Summit
         Canada CFIB Aug Business Barometer
Thursday, Aug. 31 US Aug. Chain Store Sales (9 or fewer will announce)
Challenger Aug. US Job-Cut Report
US weekly Jobless Applications/Continuing Claims
US July Personal Income/Expenditures/Savings/PCE (8:30am et)
Canada June + Q2 GDP
Chicago Aug. PMI
NAR July Pending Home Sales
EIA weekly Natural Gas Report
Fed weekly Balance Sheet (importance will rise once unwind starts) +Money Supply
     OVERNIGHT into US Fri. a.m. et:
          New Zealand QV Aug House Prices, Q2 Terms of Trade Index
         Aussie Aug Commonwealth Bank Manufacturing PMI, AiG Performance of Manufacturing Index, CoreLogic Aug House Price Index
         South Korea Aug CPI, Q2 GDP, Trade Balance
         Japan Q2 Capital Spending, Company Sales & Profits, Nikkei Aug Mnftg PMI
         Japan Aug Official Reserve Assets, Vehicle Sales, Consumer Confidence
         China Caixan Aug Manufacturing PMI
         Aussie Aug Commodity Index, RBA Commodity Index SDR
         Swiss SVME Aug PMI
         Eurozone, France, Germany, Italy Aug Markit Manufacturing PMI
         Italy Q2 (F) GDP
         UK Markit Aug Manufacturing PMI 
         Brazil Q2 GDP
         South Africa Aug Total Vehicle Sales
Friday,     Sept. 01 US Aug. Motor Vehicle Sales
US Aug. Unemployment Rate/Change/Particpation/Hrly Earnings/Avg Work Wk
Canada RBC Aug Manufacturing PMI
US Aug. Manufacturing PMI Index
US Aug. ISM Manufacturing Index, New Orders, Prices Paid, Employment
US July Construction Spending
U.M. Aug (F) Consumer Sentiment
Baker-Hughes weekly US/North America Rig Count (1pm et)
ALL US Markets Trade Regular Hours
Saturday, Sept. 02 US Labor Day Weekend Holiday

         WEEKS AHEAD:  09/04     US Markets Closed for Labor Day Holiday
                                         09/05    Fed Gov Brainard speaks
@Economic Club of NY
                                                      Fed's Kaplan
@ Dallas Businbess Club
                                                      MN Fed's Kashkari
moderated Q&A @Carlson School of Mngmnt
                                                      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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