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. 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)
Philly Fed's Harker @NJ Bankers Ass'n 6th Annual Economic Leadership Forum (Somerset NJ)
World Economic Forum Wraps: ECB's Coeure speaking
Saturday,  Jan. 21 Crude Oil Production Cut Monitors Meet for 1st Time (Vienna Austria)
Sunday,        Jan. 22     OVERNIGHT into US Mon. a.m. et:
         Japan Nov All Industry Activity Index
         Singapore Dec CPI
         Hong Kong Dec CPI
         Swiss Dec M3 Money Supply
         Eurozone Q3 Government Deficit
         ECB Pres Draghi speaks  on award of the Premio Cmillo Cavour oganized by Fondazione Camillo Cavour (Torino Italay)
Monday,     Jan. 23 US Treasury Auctions $34B 3-, & $28B 6-month Bills
Canada Nov Wholesale Sales
French 3-, 6-, & 12-month BTF Auctions
ECB's Praet speaks @EU Commission "European Pillar of Social Rights Conference" (Brussels)
BoE Bond Buying Operations
Eurozone Jan Consumer Confidence
    OVERNIGHT into US Tues. a.m. et:
          New Zealand Dec Performance of Services Index
          Japan Nikkei Jan (Prelim) Manufadcturing PMI
          German Dec Import Price Index
          Swiss Dec. Trade Balance (Imports/Exports)
          Markit Jan (P) Eurozone French, German Manufacturing+Services+Composite PMI
         Czech Central Bank's Benda speaks @ING Client Breakfast (London)
         Irish Central Banker Lane & Ireland PM Kenny, along w/Asian Infrastructure Investment Bank Pres Liqun speak @European Financial Forum
         UK Dec Central Gov't Finances & Public Sector Finances + Net Borrowing
         Brazil Dec Current Account & Foreign Direct Investment 
         ECB's Praet panelist on "(DoNot) Break It: Today's Europe at Full Speed" at Int'l Conference of "Europe 2017: Make it or Break It?" from ISPI/Luiss School of Gov't/Luiss School of European Political Economy (Rome Italy)
         Eurosystem publishes Consolidated Financial Statement of the Eurosystem
         ECB's Lautenschlager speaks @Hamburger Ubersee-Club e.V on "Europa, der Euro und die Zukunft" (Hamburg DE)
Tuesday,      Jan. 24 South Africa Jan MPC Prime & Interest Rate Decisions
Redbook weekly Store Sales Snapshot
US Flash Jan Manufacturing PMI Index
US Dec. Existing Home Sales
Richmond Fed Manufacturing & Services Indexes
US Treasury Auctions 4-week Bills & $26B 2-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         South Korea 16Q4 GDP & Jan Consumer Confidence
          Japan Dec Trade Balance (Imports/Exports)
          Aussie Dec CPI, Skilled Vacancies
          New Zealand Dec Cedit Card Spending
          Swiss Dec Consumption Indicator + Jan ZEW Expectatoins
          Italian Nov Industrial Orders/Sales + Dec. Trade Balance
          German IFO Jan. Business Climate Surveys
          UK CBI Jan Trends in Orders/Selling Prices + CBI Biz Optimism
          BoE's Carney, German FinMin Schaeuble, & Bundesbank's Weidmann speak at G20's "Digitising finance, financial inclusion & financial literacy" (Weisbaden DE)
          Riksbank's Ingves @Sida's Development talks on importance of central banks as development actors & the role of monetary policy in aid (Stockholm)
          ECB's Nouy at 2nd SSM Forum by EBF (Frankfurt Germany)
Wed.,          Jan. 25 FHFA Nov House Price Index
MBA weekly Mortgage/Refinance Apps
Russian Dec Unemployment Rate, & PPI
EIA weekly Petroleum/Gasoline/Distllates Stats (w/e Jan 20th, 10:30am et)
US Treasury Auctions $15B 2-yr FRN & $34B 5-yr Notes (1pm et)
    OVERNIGHT into US Thurs. a.m. et:
         South Korea Feb BSI Manufacturing Index
         New Zealand 16Q4 CPI
         RBNZ's Hodgetts, Hargreaveds & Dunstan host seminar on housing markets & macro-prudential policy @Chartered Accountants Wellington Conference (thru 27th)
         Singapore URA 16Q3 URA Property Index & 16Q4 Unemployment Rate
         RBNZ (New Zealand) Gov Wheeler speaks (Christchurch)
         Japan Dec Corporate Service Price
         China Dec Industrial Prices
         Spanish 16Q4 Unemployment Rae
         Hong Kong Dec Imports/Exports
         Italy Nov Retail Sales
         German GfK Consumer Climate
         Canada CFIB Jan Business Barometer
         UK 16Q4 (Adv) GDP, BBA Dec Loans for House Prices, Nov Index of Services, CBI Jan Reported Retail Sales & Total Distributed Trades Survey  
         South Africa Dec PPI
         Eurogroup Meets (Brussels) publishes Qtrly Deficit/Debt Dataset
Thursday,   Jan. 26 US Nov (Adv) International Traded Deficit
US weekly Jobless Claims

US Dec Whoesale & Retail Inventories
Brazil Dec Bank Lending
Chico Fed Jan Nat'l Activity Index
Markit US Flash Services PMI
US Dec New Home Sales
EIA weekly Natural Gas Report (10:30am et)
K.C. Fed Jan Manufacturing & Composite Indexes
US Treasury Auctions $28B 7-yr Notes
US weekly Fed Balance Sheet & Money Supply
South Korea Feb BSI Manufacturing Index
Holidays in India & Australia
    OVERNIGHT into US Fri. a.m. et:
         Japan  National + Tokyo Dec CPI
         Aussie 16Q4 Producer, Import & Export Price Indices
         German Dec Retail Sales, Import Price Index
         Spain Dec Retail Sales

         Italy Dec Wage Inflation, & Jan Business + Consumer COnfidence
         French Jan Consumer Confidence
         Eurozone Dec M3 Money Supply
         Monetary Developments in the Euro Area Published
         ECB's Constancio speaks at ECOFIN meeting (Brussels)
Friday,        Jan. 27 US Dec Durable Goods Orders/Shipments +PCE
US 4Q16 Adv. GDP
( 1st guess)
U.M. Final Jan Consumer Sentiment
French Dec total Jobseekers
Baker-Hughes weekly US/North American Rig Count (1pm et Last wk +29)
New Year Holiday in China, Taiwan, Hong Kong, South Korea, Singapore
Saturday,   Jan. 28 UK Jan Nationwide House Prices
Chinese Lunar New Year celebrated in Taiwan, Hong Kong & South Korea, too   (year of the Rooster)

         WEEKS AHEAD: 01/31   BoJ
MPC finishes 2-day Meeting
                                                     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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