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December 2017--January
2018 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,
Dec. 24 |
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Final Retail Store Push for
Christmas Sales --too late to order online and get guaranteed Christmas Delivery
German Nov Import Price Index
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Monday, Dec. 25 |
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Christmas Day, Markets
Closed: US, Australia, New Zealand, Germany, Italy, Spain, France, UK,
India, South Africa, Brazil, Canada, Singapore
OVERNIGHT into US Tues. a.m. et:
Japan Nov Jobless Rate, Nov Householde
Spending, CPI, Corporate Service Prices
BoJ Minutes of Oct 30--31 Meeting
BoJ Gov Kuroda speaks
(Keidanren Business Lobby)
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Tuesday, Dec. 26 |
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Richmond Fed Manufacturing Index
Dallas Fed Manufacturing Index
US Treasury Auctions $45B 3-, & $39B 6-month Bills
(11:30am et)
US Treasury Auctions $26B 2-year Notes + $50B 4-week Bills
STILL ON HOLIDAY? Australia, HK, NZ, France, Germany, Spain, Canada, Switzerland, So
Africa, Italy, UK
OVERNIGHT into US Wed. a.m. et:
Chinese Nov Industrial Profits
Singapore Nov Industrial Production
Japan Nov Housing Starts &
Construction Orders
Swiss UBS Nov
Consumption Indicator & Credit Suisse ZEW Dec Survey of Expectations
Spain Nov Retail Sales
UK BBA Nov Loans for House
Purchases
Brazil Nov Budget Balance & Deft/GDP
Ratio
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Wed.,
Dec. 27 |
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MBA weekly Mortgage Refinance
Applications
S&P Case-Shiller Oct. 20-city Home Price Index
Conference Board's Dec Consumer Confidence
NAR Nov Pending Home Sales
Brazil FX Flows
US Treasury Auctions $13B 2-year reopened Floating Rate Notes (11:30am
et)
US Treasury Auctions $34B 5-year Notes (1pm et)
OVERNIGHT into US Thurs a.m. et:
South Korea Jan Manufacturing BSI &
Nov Industrial Production & Service Output
BoJ Summary of Opinions at
10/30--31 Meeting, Nov Retail Trade, Industrial Production (P), + Nov Vehicle
Production
China Peoples' Bank Q3 (F)
Current Account Balance
UK Dec Nationwide House Price Index
China Nov Swift Global Payments
Russia Markit Dec PMI & Central Bank
FX Reserves
Hong Kong Nov Exports/Imports
South Africa Nov Trade Balance
Eurozone Economic Bulletin
Canada CFIB Dec Business Barometer
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Thursday, Dec. 28 |
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US Nov Int'l Trade Deficit
US Nov Wholesale & Retail Inventories
US weekly Jobless Claims
EIA weekly Natural Gas Report (10:30am et thru 12/22)
EIA weekly Crude/Gasoline/Distillates Report
US Treasury Auctions $28B 7-year Notes
USDA Farm Prices (3pm et)
US weekly Fed balance Sheet & US Money Supply
OVERNIGHT into US Fri. a.m. et:
South Korea Dec CPI
UK GfK Dec Consumer Confidence
Aussie Nov Private Sector & Housing
Credit
Singapore Nov Bank Lending
Eurozone M3 Nov Money Supply
Russia Dec Markit Services PMI
Spain Dec CPI & HICP + Oct. Current
Account
Italian Nov PPI
Eurozone Private Sector Loans
India Nov Federal Fiscal Deficit,
Infrastructure Nov Output
German Dec (P) CPI & HICP
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Friday,
Dec. 29 |
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Chicago Dec PMI
Baker-Huges US/North American weekly Rig Count (1pm et)
Holidays in Brazil (Closed) & UK (Early Close)
Treasuries & other SIFMA controlled markets close 2pm et
US Equities Trade all Day to 4pm et
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Saturday, Dec.30 |
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China (Official) Dec
Manufacturing & Non-Manufacturing PMI |
Sunday,
Dec. 31 |
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Monday, Jan. 01 |
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Richmond Fed's New Pres,
Thomas Barkin, Assumes the Role
Happy New Year! Global Markets Closed
G-7 Presidency shifts to Canada
OVERNIGHT into US Tues. a.m. et:
Aussie AiG Dec Performance of Manufacturing
Index +CoreLogic House Price Index + Dec RBA Commodity Index
German Nov Retail Sales
China Caixin Dec Manufacturing
PMI
Markit Eurozone, France, Germany,
Italy, & UK Dec Manufaturing PMI
Canada RBC Dec Manufacturing PMI
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Tuesday, Jan. 02 |
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Markit US Manufacturing PMI
US Treasury Auctions $48B 3-, & $42B 6-month Bills + $20B 52-week Bills + $50B 4-week
Bills (Starts 11:30am et)
Federal Reserve Balance Sheet Run-off Doubles to $12B
in Treasuries & $8B in Agency MBS through 18Q1
Japan, Russia, Switzerland among those still celebrating New Year
OVERNIGHT into US Wed. a.m. et:
Swiss Dec Manufacturing PMI
UK Markit/CIPS Dec Construction PMI
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Wed.
Jan. 03 |
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US Dec. 2017 Motor Vehicle
Sales
MBA Mortgage/Refinance Apps (covering slowest week of the year)
US ISM Dec. Manufacturing Index
US Nov Construction Spending
FOMC Minutes of the Meeting Concluded on
12/13/17 (2pm et)
OVERNIGHT into US Thurs. a.m. et:
Aussie CBA + AiG Australia Dec Services
PMI
China Caixin Dec Services & Composite
PMI
UK Dec Nationwide House Prices
Markit Eurozone, France, Germany, Italy
Dec. (F) Services PMI
UK Official Dec FX Reserves, Nov Consumer
Credit + Loans for Dwellings, Nov Mortgage Approvals +M4 Nov Money Supply
UK Markit/CIPS Dec Services &
Composite PMI
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Thursday, Jan. 04 |
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US Dec Chain Store Sales
(7 still report but those with upside surprises could, too)
Challenger Dec. Job-Cut Report
ADP Dec Private Company Employment Report
Weekly US Jobless Claims
Canada Nov Industrial Products & Raw Materials Price Indices
US PMI Dec Services Index
EIA weekly Natural Gas Report (w/e/12/29 @10:30am et)
EIA weekly Petroleum/Gasoline/Distillates Report (11am weather could have
slowed builds)
US Refunding Announcement includes 30 & 10-yr Notes +30-yr Bonds 11am)
Fed's Bullard "US Economy & Monetary Policy" @Meltzer's
Contributions to Monetary Economics & Public Policy w/Q&A (Philadelphia 1:30pm et)
Fed's weekly Balance Sheet & Money Supply (4:30pm et)
OVERNIGHT into US Fri. a.m. et:
Japan Dec Monetary Base
UK BRC Dec. Shop Price Index
Aussie Nov Trade Balance
Japan Nikkei Dec Services & Composite
PMI + Vehicle Sales
Swiss Dec FX Reserves
UK Dec New Car Registrations
& Q3 Unit Labor costs
Markit Eurozone, France, German &
Italian Dec Retail PMI
Eurozone Nov PPI
Canada Nov Int'l
Merchandise Trade, Dec Unemployment Rate/Participation
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Friday, Jan.
05 |
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US Dec. Unemployment
Report/Change/Participation, + Avg Hrly Earnings
US Nov Int'l Trade Deficit
US Dec Factory Orders
US ISM Dec Services Index
US Nov (F) Durable Goods Orders/Shipments
Fed's Harker on Economic Outlook w/Q&A @ASSA Annual Mtg @AEA--American
Economic Association Annual Meeting (Philadelphia thru 7th 10:15am)
Fed's Mester panelist on "Coordinating Conventional &
Unconventional Monetary Policies for Macroeconomic Stability" @Allied Social Sciences
Ass'n Annual (12:30pm et) Fed's Rosengren panelist @ASSA/AEA Annual
Conference; Martin Feldstein & Jeremy Stein also speakers
Baker-Hughes weekly US/North American Rig Count (1pm et)
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Saturday, Jan 06 |
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Fed's Mester on
"Integrating Financial Stability with Monetary Policy" @Allied Social Sciences
Ass'n Annual Meeting (Philadelphia 10:15am et) BoE's Haldane, OECD's
Mann, Brookings Institution's Ben Bernanke, Yale's Robert Shiller, Peterson Institute's
Olivier Blanchard, and reps from World Bank, IMF, & more, also speak @AEA
(thru 01/07)
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WEEKS AHEAD:
01/07/2018 Fed's Williams
@ASSA.AEA Annual Mtg on "What to Expect form the Lower Bound on Interest Rates:
Evidence from Derivatives Prices"
01/08 Fed's Williams on
"Should the Fed Stick with the 2% Inflation Target or Rethink It?" @Brookings
Institution "The Options: Keep It, Tweak It, or Replace It?" followed by Fed's
Rosengren at same event, on "Next Steps: Learning from the Bank of
Canada" (D.C.)
01/22--23 BoJ MPC Meets
01/25
ECB MPC Meets
01/26
Riksbank (Swede) Meets
01/30--31 FOMC Meets
02/08
BoE MPC Meets
*FOMC 2018 Revolving Voting Members: The
Chairperson Jerome Powell as of 02/03/18, and ALL members of the FOMC
Board of Governors are permanent voters: When Janet Yellen resigns, and Jerome
Powell takes her place as chairperson, Feb. 03, 2018, that will include Randall
Quarles, & Lael Brainard, plus New York Fed Pres., currently
William Dudley, who plans on retiring in 2018.:New, revolving
Regional Fed Bank leaders who are voters for 2018: Atlanta Fed Pres. Raphael Bostic,
new in August 2017 (replaced Dennis Lockhart), former McKinsey exec Thomas Barkin,
who assumed the title of Pres of Richmond Fed on 01/01/18, plus
veterans John Williams, who became Pres of the San Francisco Fed after
Janet Yellen became Fed Chairperson, and Cleveland Fed's Loretta Mester, a very
vocal bear who wants rates raised at a quicker pace because she believes the Fed
has, already, fallen behind the curve. Richmond wound up with an
opening, after Jeff Lacker resigned, in early April 2017, when it became known he'd leaked
sensitive FOMC discussions to Medley Advisors. Richmond operated with an Interim Pres,
Mark L Mullinix, while searching for a new leader. Raphael Bostic
replaced Dennis Lockhart at the Atlanta Fed, when Lockhart left. Dissenters at the Dec.
2017 Meeting, Neel Kashkari & Charles Evans, are no longer voters in 2018. Hawk Mester
votes in 2018.. |
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