wall street in advance

February 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,     Feb. 12     OVERNIGHT into US Mon. a.m. et:
         New Zealand Jan. Card Sales
         Japan 16Q4 GDP, CapEx, Private Consumption, Price Index
         Aussie Dec Credit Card Balances/Purchses
         EU Commission Economic Forecasts
         German Jan Wholesale Price Index
         OPEC Monthly Report
         India Jan CPI
         French 3-, 6-, & 12-month BTF Auction
Monday,    Feb. 13 Canada Prime Minister Justin Trudeau visits White House
US Treasury Auctions $34B 3-, & $28B 6-month Bills
     OVERNIGHT into US Tues. a.m. et:
           So Korea Jan. Import/Export Price Index
           Aussie NAB Jan Business Conditions Survey
           China Jan CPI & PPI
           Japan Dec (F) Industrial Production/Capacity Utilization

           India Food, Fuel, Manufacturing WPI Jan Inflation
           German 16Q4 GDP & Jan CPI + HICP
           Swiss Jan CPI, PPI, & Import Prices
           Italy 16Q4 GDP
           UK Jan CPI, RPI, PPI + Dec. House Price Index
           Eurozone 16Q4 GDP
& Dec Industrial Production
           German Feb ZEW Surveys 
Tuesday,   Feb. 14 Valentine's Day
FOMC Chief Yellen semi-annual Testimony in US Senate Banking Panel (10am et)
NFIB Small Business Optimism Index
US Jan. PPI
Brazil Dec Retail Sales
US Treasury Auctions 4-week Bills
Canada Teranet/National Bank Jan House Price Index
Fed's Lacker speaks w/Q&A @U of Delaware Economic Forecast Forum (Newark DE 8:50am et)
Fed's Lockart speaks on crisis, recession & recovery (Hunstville AL 12:50pm et)
Fed's Kaplan panelist at Greater Houston Port Bureau w/Q&A (Houston TX 1pm et)
    OVERNIGHT into US Wed. a.m. et;
         So. Korea Jan Unemployment Rate
         RBA Health speech at ABE Conference (Sydney)
         Aussie Westpac Feb Consumer Confidence, Jan New Motor Vehicle Sales
         Singapore Dec Retail Sales
         Spain Jan CPI, HICP
         South Africa Jan CPI
         UK Jan Jobless Claims/Change/Earnings, +ILO Unemployment Rate
         Eurozone Dec Trade Balance     
         Riksbank (Sweden) MPC Meeting (Wed. local time)
Wed.          Feb 15 FOMC Chief Yellen semi-annual Testimony at US House (10am et)
MBA weekly Mortgage/Refinance Applications
US Jan CPI
US Jan Retail Sales

Empire State NY Feb. Manufacturing Survey
Canada Dec Manufacturers Sales/Shipments
US Jan Industrial Production
US Dec Business Inventories
Israeli PM Bejnamin Netanyahu visits White House
Canada Jan Existing Home Sales
Brazil FX Flows
NAHB Feb Housing Market Index
EIA weekly Petroleum/Gasoline/Distillates Stats (w/e 02/10)
Fed's Rosengren speaks @NY Ass'n for Biz Economics Lunch (noon et)
Fed's Harker on economic outlook @La Salle U 16th Economic Outlook w/Q&A (PA, 12:45pm et)
US TICS
    OVERNIGHT into US Thurs. a.m. et:
         RBA's Ellis panelist
         Aussie Jan. Unemployment Rate/Change/Participation, Feb Consumer Inflation Expectations, RBA Jan FX Transactions
        New Zealand Jan. Non-Resident Bond Holdings
        Italy Dec Trade Balance
        Japan Jan (F) Machine Tool Orders
        EU 25 New Car Registrations
        ECB Minutes of Jan 19th Monetary Policy Meeting
Thursday,  Feb 16 US Jan Housing Starts/Building Permits
US weekly Jobless Claims

Russia FX Reserves
Philly Fed Feb. Business Outlook Survey
EIA weekly Natural Gas Report
US Treasury Refunding Announcement
US Treasury Sells $7B 30-year TIPS
US Weekly Fed Balance Sheet & Money Supply
G20 Foreign Ministers Meet (Bonn Germany thru 17th)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand 16Q4 Retail Sales, + Jan Performance of Manufacturing
         Japan Reuters Feb Tankan Index
         Singapore 16Q4 GDP & Jan Trade Balance
         Eurozone Jan Current Account & Dec. Construction Output
         UK Jan. Retail Sales
         India Bank Loan & Deposit Growth
         Brazil Jan Current Account & Foreign Direct Investment
Friday,       Feb 17 G20 Foreign Ministers Meet (Bonn Germany thru 19th)
US 16Q4 ECommerce Sales
Canada Dec International Securities Transactions
Chico Fed Reserve VP/Dir of Research Sullivan on Eco Outlook @GIC (Sarasota)
Baker-Hughes weekly US/North American Rig Count (1pm et)
Riksbank 1st Dpty Gov Jochnick monetary tour in NY presents latest policy decision
Saturday,   Feb 18
Sunday,       Feb 19     OVERNIGHT into US Mon. a.m. et:
          Fed's Mester
on "View from the Federal Reserve" @Global Interdependence Center (GIC) Central Banking Series (Singapore  8:15pm et)
         New Zealand 16Q4 PPI, Jan Performance of Services
         RBA (Aussie) Meeting Minutes
         So. Korea Jan PPI
         Japan Jan. Trade Balance (Imports/Exports)+Jan Convenience Store Sales
         German FinMin Schauble & Belgian FinMin Overtveldt speak @Belgian Business Federation (Brussels)
         European Investment Bank VP Hudak meets reporters w/focus on Slovak Investments
         Eurozone Feb Consumer Confidence
         Swedish Central Bk Dpty Gov Skingsley talks about future forms of electronic payments Royal Swedish Academy of Engineering Sciences (Stockholm)
         UK Rightmove Feb House Price Index, & CBI Feb Selling & Total Trends
         Swiss Jan Money Supply
         German Jan PPI
Monday,     Feb 20 US & Canada Holidays
ALL US Markets Closed for Presidents Day
European Finance Ministers meet on Greece
(Brussels thru 02/21)
Canada Dec Wholesale Sales
Eurozone Feb (Adv) Consumer Confidence
    OVERNIGHT into US Tues. a.m. et:
         
Japan Nikkei Feb (Prel) Manufacturing PMI, Dec All Industry Activity Index
          Swiss Jan Trade Balance (Imports/Exports)
          French Jan CPI & HICP
          Swiss Trade Balance
          Markit (Prelim) Eurozone, France, Germany & Italy Feb. Manufacturing, Services & Composite PMI
        
UK Jan Public Finances/Central Gov't NCR & Net Borrowing
Tuesday,    Feb 21 Fed's Kashkari fireside chat on the economy & role of Fed w/Q&A @FPA of MN (8:50am et)
Markit Flash Feb. Manufacturing PMI
US Treasury Auctions $34B 3-, & $28B 6-month Bills (11:03am et) +$35B 4-wk
BoC Dpty Gov Wilkins panelist at the Competition Bureau (Ottawa)
Fed's Harker on economic outlook @Uof P w/Q&A (Philadelphia noon et)
US Treasury Auctions $26B 2-year Notes (1pm et)
Fed's Williams offers "Getting to Know the Fed" @Boise St. U (Boise 3:30pm et)
    OVERNIGHT into US Wed. a.m. et:
         RBA Gov Lowe
speaks (Sydney)
         Aussie 16Q4 Wage Cost Index & Construction Work +Jan Skilled Vacancies
         New Zealand Jan Credit Card Spending/Balances
         China Jan House Prices
         Hong Kong 16Q4 GDP
         Fed's Mester holds a roundtable briefing (Singapore)
         German Feb. IFO Business Climate/Expectations/Current Assessment
         Swiss Feb. ZEW  Survey
         UK (Prel) 16Q4 GDP, Private Consumption, Gov't Spending, Fixed Capital Formation, Total Business Invesment, Importx/Exports, Dec Index of Services
        BoE Dpty Gov for Financial Stability Cunliffe offers OMFIF City Lecture (Official Monetary & Financial Institutions Forum, London)
         Eurozone Jan (F) CPI
Wed.,         Feb 22 Minutes of the FOMC Meeting ended 02/01/17 (2pm est)
MBA Mortgage/Refinance Applications
Fed's Kaplan discusses issues facing the nation & global Economy (Dallas)
Canada Dec Retail Sales
NAR Jan. Existing Home Sales (10am et)
Brazil Interest Rate Decision (current 13.0%)
Redbook weekly Store Sales Snapshot
US Treasury Auctions $13B reopened 2-year Floating Rate Notes (11:30am et)
Fed Gov. Powell discusses eco outlook & monetary policy @Forecasters Club of NY w/Q&A (1pm et)
US Treasury Auctions $34B 5-year Notes (1pm et)
Germany's Merkel meets, separately, with IMF's Lagarde & EU Commission Pres. Juncker on Greece (Merkel insists IMF must contribute)
    OVERNIGHT into US Thurs. a.m. et:
         
Japan Corporate Services Price Index  (CSPI)
          Aussie 16Q4 Private Capital Expenditures
          So Korea Feb MPC Interest Rate Decision
          Singapore Jan CPI
          Canada Feb CFIB Business Barometer
          German 16Q4 (F) GDP, Private Consumption, Gov't Spending, Capital & Construction Investment, Domestic Demand, Imports/Exports, GfK Mar. Consumer Confidence 
           Italian Dec Retail Sales
           So Africa Jan PPI
           UK 10-year Treasury Gilt Auction
           Swiss 16Q4 Industrial Proeduction & Industry + Construction Output
           FinMins from Spain, Italy, France, & EU Commission VP Dombrovski
speak at capital markets conference (Paris France)
           UK Feb CBI Retailing Reported Sales, Total Dist. Reported Sales 
Thursday,  Feb 23 USDA 93rd Agricultural Outlook Forum (Arlington VA thru 24th)
US weekly Jobless Claims
Russian Centra Bank Reserves
Chicago Fed Feb Nat'l Activity Index (8:30am et)
Canada 16Q4 Corporate Profits
Brazil an Banking Lending
Fed's Lockhart "Looking Back on His 10 years @Atlanta Federal Reserve" @2017 Banking Outlook Conference (8:35am et Atlanta)
FHFA Dec. House Price Index
Markit Flash Feb Services PMI
EIA weekly Natural Gas Report (10:30am et w/e 02/17)
K.C. Fed Feb. Manufacturing Index
EIA weekly Petroleum/Gasoline/Distillates Stats (11am delayed by Mon. holiday)
US Treasury Auctions $28B 7-year Notes  (1pm)
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:
         So. Korea Feb Consumer Confidence
         French Feb Consumer Confidence
         Italy Dec Industrial New Orders & Sales +Feb Business/Consumer Confidence
         German Jan Import Prices
         UK BBA Jan Loans for House Purchases
         Brazil Jan Budget Balance & Dect/GDP Ratio
Friday,       Feb 24 NGA National Governors Association Winter Meeting (D.C. thru 27th)
US Jan. New Home Sales
Canada Jan CPI
U.M. Final Feb. Consumer Sentiment (10am et)
Baker-Hughes weekly Rig Count (1pm et)
Saturday,  Feb 25

         WEEKS AHEAD: 03/01    BoC
(Canada) MPC Meeting
                                        03/09    ECB MPC Meets
                                 03/14--15    FOMC Meets,
                                        03/15    FOMC Updates Forecasts + Yellen post-FOMC Meeting Press Conference

                                        03/16    BoE MPC Meets
                                                    SNB (Swiss) MPC Meets
                                                    BoJ MPC Meets
                                                    Norges Bank (Norway) MPC Meets

*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 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.  
                     

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