wall street in advance

November 2017  Economic Statistics
and Other Economic Influences

                Weekly Chain Store Sales*
                 Average Hourly Earnings*
                 API Weekly Gas/Oil Stockpiles Report*  **
Mortgage Applications  Data
                 EIA Weekly Report on Gas & Oil Stockpiles* (10a.m.)
                 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,     Nov. 19     OVERNIGHT into US Sun. a.m. et:
         South Korea Oct PPI
         New Zealand Oct PPI
         Japan Oct Trade Balance
         RBA (Aussie) Gov Lowe speaks (Sydney)
         UK CBI Nov Trends in Selling Prices & Total Orders
         RBA's Kearns & Kohler speak (Sydney)
         German Oct PPI
         ECB Pres. Draghi speaks
         Governors of Central European Central Banks Panelists (Vienna)
Monday,    Nov. 20 US Treasury Auctions $42B 3-, & $36B 6-month Bills
    OVERNIGHT into US Tues. a.m. et;
          RBA Nov MPC Meeting Minutes
          New Zealand Oct Credit Card Spending
          Japan Sept All Industry Activity Index + Dept Store Sales
          Swiss Oct Trade Balance
          Hong Kong Oct CPI
          ECB's Lautenschlager speaks at IIF European CRO Forum (Frankfurt)
          ECB Chief Draghi speaks to European Parliament's Econ Cmte
          BoE's Dpty Gov Ramsden on montary policy at King's College (London)
          Riksbank 1st Dpty Gov Jochnick panelist on "To Regulate or not to regulate?" @Nordic Cyber Conference (Copenhagen)
          UK Central Gov't & Public Sector Finances (Borrowing) + NOv CBI Industrial Trends Orders
Tuesday,   Nov. 21 Chicago Fed National Activity Index
Canada Sept Wholesale Trade
Redbook weekly store sales snapshot
Oct Existing Home Sales
US Treasury Auctions $13B reopened 2-year FRN Notes (11:30am et)
    OVERNIGHT into US Wed. a.m. et:
         FOMC Chief Yellen
speaks at NYU Stern School fo Business
         Aussie Oct Skilled Vacancies & Q3 Construction Work Completed
         South Africa Oct CPI
Wed.         Nov. 22 MBA weekly Mortgage/Refinance Applications
US Oct. Durable Goods Orders/Shipments
UK Chancellor Hammon Autumn Statement to Parliament
US weekly Jobless Claims
Eurozone Nov (Adv) Consumer Confidence
U.M. (F) Nov. Consumer Sentiment
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am w/e 11/17)
Treasury Refunding Announcement
EIA weekly Natural Gas Report (noon et)
FOMC Minutes of Oct. Meeting (2pm et)
    OVERNIGHT into US Thurs. a.m. et:

         New Zealand Q3 Retail Sales
         Singapore Q3 GDP
         German Q3 (F) GDP, Private Consumption, Gov't spending, Capital Investment, Domestic Demand, Imports/Exports
         Markit Eurozone, French, German, Italian Nov (P) Manufaturing, Service & Composite PMI
         Italian Oct Trade Balance
         Swedish Central Bank Publishes Financial Stability Report
         UK Q3 GDP, Business Invesstment
Thursday, Nov. 23 U.S. Thanksgiving. ALL U.S. Markets Closed
Japan Holiday Labour Thanksgiving Day

ECB Publishes MPC Meeting Minutes
South Africa Nov Interest & Prime Rate Decision fro mMPC
Brazil Oct Current Account & Foreign Direct Investment
Canada Sept Retail Sales
SNB (Swiss) Jordan on "Switzerland's High Current Account Surplus: Consequences for the SNB's monetary policy?"  (Univ. of Basel)
Mexican Central Bank issues minutes of its last monetary policy meeting
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Oct Trade BalanceGerman Oct Import Price Index
         UK CBI Nov Reported Sales & Total Distributed Reported Sales
         BoJ Bond Purchases Reported
         Japan Nov Manufacturing PMI
         Swiss Q3 Industrial & Construction Output
         German IFO Nov Business Climate/Expectations
         Singapore Oct Industrial Production
         Swiss Q3 Industrial Orders
         Italian Sept Industrial Orders
         Brazil Oct Banking Lending
         Eastern Partnership Summit (Brussels)
Friday,       Nov. 24 US Flash Markit Manufacturing, Services & Composite PMI
Baker Hughes weekly Rig Count
NYSE/NASDAQ Close Early (1pm et)
SIFMA Marketrs close (2pm et
Fed's weekly  Balance Sheet & Money Supply
Saturday,  Nov. 25
Sunday,     Nov. 26     OVERNIGHT into US Mon. a.m. et:
         Japan Oct Corporate Service Price
         German Oct Retail Sales
         Chinese Oct Industrial Profits
         Swiss Q3 Employment Level
         Hong Kong Oct Trade Balance (Imports/Exports)
Monday,    Nov. 27 Oct US New Home Sales
Dallas Fed Manufacturing Survey
US Treasury Auctions $36B 6-month Bills & $26B 2-year Notes (11:30am et)
US Treasury Auctions $42B 3-month Bills & $34B 5-year Notes (1pm et)
    OVERNIGHT into US Tues. a.m. et:
         Fed's Kashkari Q&A @Winona State U town Hall (Winona MN 6:30pm)
         Conversation with NY Fed Pres Wm Dudley, "US Economy: 10 Years after the Crisis," (NY on behalf of UCal Berkeley 7pm et)
          UK Nov Nationwide House Price Index
          OECD Updated Economic Outlook
          South Korea Dec Manufacturing BSI Index
          German GfK Dec Consumer Confidence          
          ECB Monthly Lending & Money Supply Stats
          BoE Publishes Results of Bank Stress Tests & Financial Stability Report

Tuesday,   Nov. 28 Canada Oct Industrial Product & Raw Materials Price Indices
Senate Banking Cmte hearing on Jerome Powell as FOMC Chief
(10am et)
US Oct. International Trade Deficit

US Oct Wholesale & Retail Inventories
FHFA Sept. House Price Index
S&P CoreLogic Sept 20-City House Price Index

Fed's Dudley opens the 3rd Annual Conference on the Evolving Structure of the US Treasury Market  (NY 9:15am et) Other Speakers include: Treas. Sec'y Mnuchin, SEC Chair Clayton, CFTC Chair Giancarlo
Conference Board's Oct. Consumer Confidence
Federal Reserve Bank of Chicago Midwest Agriculture's Ties to the Global Economy (Keynote former Sec'y of USDA, Tom Vilsack, currently CEO US Dairy Export C0uncil) 
Bk of Canada Gov Poloz & Dpty Wilkins Press Conference
Canada Oct IPPI & RMPI
Richmond Fed Manufaturing Index
Mexican Oct Unemployment Rate
Dallas Fed Services Revenue + Texas Services Sector Nov Outlook
US Treasury Auctions $28B 7-year Notes (1pm et)
Fed's Harker on "Financial Safety for the Aging Population" @ Aging, Cognition, & Financial Health: Building a Robust System for Older Americans (Philly Fed)
BoE's Ramsden speaks (London)
    OVERNIGHT into US Wed. a.m. et:
         Japan Oct Retail Sales
         UK BRC Nov Shop Price Index
         Swiss Oct UBS Consumption Indicator & ZEW BusinessOutlook/Expectations
         French Q3 (P) GDP & Oct Consumer Spending
         BoE Oct Consumer Credit, UK Oct Mortgage Approvals, Net Lending, M4 Money Supply
         Eurozone Nov Economic/Industrial/Business & Consumer Confidence/ Expectations
         German Nov CPI  + HICP
Wed.,        Nov. 29 MBA weekly Mortgage/Refinance Applications
NY Fed's Dudley "fireside chat" on "Prospects for the National & Regional Economy," w/Q&A @Rutgers Univ. (New Brunswick, NJ 8:30am et)
US Q3 (P) GDP/Household Spending/Net Exports/PCE
US Q3 Corporate Profits
FOMC Chief Yellen Semi-Annual Testimony @Joint Economic Committee (@Congress 10am chance for both houses to thank her for her service)
US Oct. Pending Home Sales
Brazil Oct Budget Balance & Debt/GDP Ratio & FX Flows
Redbook weekly Retail Sales Snapshot
EIA weekly Petroleum/Gasoline/Distillates Stats (10:30am et--w/e 11/24)
Fed's Williams keynotes 54th Annual Economic Forecast Lunch w/Q&A, sponsored by Arizona State Univ (Phoenix 1:50pm)
Fed's Beige Book (2pm Not that it will change the expectation for Dec. Rate Hike)
    OVERNIGHT into US Thurs. a.m. et:
          New Zealand Oct Building Consents +RBNZ Publishes Financial Stability Report
          South Korea Oct Industrial Production & Service Sector Output
          Canada CFIB Nov Business Barometer
          Aussie HIA Oct New Home Sales, Oct Private Sector Credit, Q3 Expenditures, Oct. Building Approvals 
          China Nov. Manufacturing & non-Manufacturing PMI, Oct Swift Global Payments
          Singapore Oct Bank Lending
          BoJ's Harada speaks (Fukushima)
          Japan Oct Vehicle + Industrial Production & Forecasts, Housing Starts & Construction Orders
          UK GfK Nov Consumer Confidence, Lloyds Business Barometer & Nationwide Nov Home Price Index
          Swiss Q3 GDP + KOF Nov Leading Indicator
          German Nov Unemployment Claims/Change & Oct Retail Sales
          Spain Q3 GDP & Sept Current Account
          South Africa Oct PPI & Trade Balance
          Italy Oct Unemployment Rate & Nov CPI + HICP + Oct PPI
          Russia Central Bank FX Reserves
          India Oct Federal Fiscal Deficit
          Eurozone Oct Unemployment Rate & Nov. (adv) CPI
          OPEC & non-OPEC Oil Producers meet to discuss additional measures to boost prices, while continuing current quotas (Vienna Austria)
          ECB's Mersch speaks at Jt ECB/Banca d'Italia Conference "Digital transformation of the retail payments ecosystem" (Rome)
         ECB Bank Supervisor Hakkarainen panelist "Europe in the C-Suite: Banking on a better future for the continent" (@FT Banking Summit: "Thinking Through Uncertainty" (London)
Thursday, Nov. 30 US weekly Jobless Claims
Canada Q3 Current Account Balance
US Oct Personal Income/Spending/PCE
Fed's Mester moderates panel "Financial Stability & FinTech Conference" (@Jt Fed Reserve of Cleveland/Office of Financial Research& Univ of Maryland Conference Fed Gov Powell speaks later in the day
Chicago Nov. PMI
NRF Nov. Monthly Chain Store Sales (9 still report but others may update)
EIA weekly Natural Gas Report
Fed's Kaplan Q&A at Real Estate Council Speaking Series (Dallas 1pm)
USDA Farm Prices (3pm et)
Fed weekly Balance Sheet & US Money Supply
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Nov QV House Prices & Q3 Trade Balance
         South Korea Q3 GDP, Nov CPI, Trade Balance + Nikkei Mnftg PMI
         Aussie CBA Nov Manufacturing PMI & AiG Nov Performance of Manufacturing Index + CoreLogic Nov House Price Index, RBA Nov Commodity Index SDR
          Japan Oct Official Reserves, Jobless Rate, Household Spending, CPI, Q3 Capital Spending + Company Profits, & Nikkei Nov Manufacturing PMI  & Vehicle Sales
          Caixan Nov China Manufacturing PMI
          India Nikkei/Markit Nov Manufacturing PMI
          Russia Markit Manufacturing PMI
          Swiss Oct Retail Sales & Nov Manufacturing PMI
          Italian Q3 GDP
          Eurozone, French, German, Italian Markit Manufacturing PMI
          Brazil Q3 GDP & Nov Markit Mnftg PMI
          South Africa Nov Total Vehicle Sales
Friday,      Dec. 01 US Nov. Motor Vehicle Sales
Canada Nov Unemployment Rate/Change/Participation, & Q3 GDP + RBC Manufaturing PMI
Fed's Bullard on US Economy & Monetary Policy at the Economic Briefing (Little Rock AK 9:05 am)
US Nov Manufacturing PMI
US Nov ISM Manufacturing Index; Employment/Prices Paid/Orders/Shipments
US Oct Construction Spending
Fed's Kaplan Q&A before "Border Economic Development & Entrepreunership Symposium" (McAllen TX)
Baker-Hughes weekly US/North America Rig Count (1pm et)
Saturday,  Dec.02

         WEEKS AHEAD:  12/05  RBA (Aussie) MPC Decision
                                       12/06   BoC (Canada) MPC Meets
                                       12/12   FOMC 2-day Meeting Starts
                                       12/13   FOMC Statement, SEP (Member Financial Projections)
                                                    Yellen (final?) Press Conference
                                       12/14   ECB
MPC Meets on Rates
                                                   BoE MPC Rate Decision
                                                    SNB MPC Rate Decision
                                                   Norges Bank (Norway) MPC Meets
                                      12/21    BoJ MPC Meets

*FOMC 2017 Voting Members:  Four governors on the FOMC are permanent voters: Janet Yellen, Randall Quarles, (Stanley Fischer Resigned 10/13), Lael Brainard, Jay Powell. (Dan Tarullo was the 5th.vote at evnominating one after July 4tery meeting but he resigned, too)  Board Governors still endure 3 vacancies, w/Trump concentrating his efforts on selecting the next Fed Chairperson. 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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