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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. 31 |
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Happy New Year! |
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; Fed's Harker, 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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NY Fed Top Trader/VP SImon
Potter panelist "The Balance Sheets of Central Banks and the Shortage of Safe
Assets @ ASSA/AEA Annual
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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Sunday,
Jan 07 |
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Fed's Williams
@ASSA/AEA Annual Mtg on "What to Expect from the Lower Bound on Interest Rates:
Evidence from Derivatives Prices"
OVERNIGHT into US Mon. a.m. et:
China Dec Foreign Direct Investment
Aussie Dec. FX Reserves & AiG Dec
Construction Index
German Factory/Manufacturers' Orders
South Africa Dec FX Reserves +
Manufacturing PMI
Swiss Dec CPI
UK Halifax Dec. Home Price Index
European Commission
Conference on EU's 'next long-term budget after Brexit' (Brussels to Jan
9th)
Singapore Dec FX Reserves
Eurozone Sentix Jan Investor, Industrial,
Services & Business Economic Confidence/Sentiment/Outlook, & Nov. Retail Sales
CFIB Q4 Outlook for Future Sales
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Monday, Jan 08 |
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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.)
Bk of Canada Q4 Senior Loan Officer Survey
Conference Board's Dec Employment Trends Index
US Treasury Auctions $48B 3-, & $42B 6-month Bills
Fed's Bostic on Economic Outlook @ Rotary Club of (Atlanta)
TD Ameritrade US IMX
US Consumer Credit
OVERNIGHT into US Tues. a.m. et:
New Zealand REINZ Dec House Sales
Japan Nov Labor Cash Earnings, Dec Consumer
Confidence
UK BRC Dec Like-for-Like Sales
Aussie Nov Building Approvals & Job Ads
German & French Merchandise Trade Balance,
Industrial Production
SNB (Swiss Nat'l Bk) Preliminary Full Year
Results, Dec. Unemployment Rate, Nov Adjusted Retail Sales
Italy Nov Unemployment Rate
Brazil Nov Retail Sales
South Africa Dec Total Vehicle Sales
Eurozone Nov. Unemployment Rate
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Tuesday, Jan 09 |
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US NFIB Jan. Business Optimism Index
Canada Dec. Housing Starts
Redbook weekly Store Sales Snapshot
US Nov. JOLTS (Job Openings & Turnover)
Fed's Kashkari moderated Q&A hosted by Cargill (CAG)
US Treasury Auctions $24B 3-year Notes
OVERNIGHT into US Wed. a.m. et:
South Korea Dec Unemployment Rate
Aussie NAB Business Confidence
China Dec. PPI & CPI
Swiss Dec FX Reserves, Real Estate Index
of Q4 Family Home
China Dec Aggregate Financing &
Money Supply, New Yuan Loans
ECB Minutes of the December MPC
Meeting
German Dec Wholesale Price Index
French Industrial Production
UK Nov. Industrial Production,
Construction & Manufacturing Output, Nov. Merchandise Trade Balance
Germany Auctions 10-year Bunds
Brazil Dec CPI
Russia GDP & CPI
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Wed.,
Jan 10 |
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MBA weekly Mortgage/Refinance
Applications
UK NIESR Dec GDP
Fed's Evans on Economy & Policy Outlook @ Lake Forest-Lake Bluff Rotary Club
Fed's Kaplan discussion @Urban Land Institute Emerging Trends Breakfast
US Dec. Import/Export Prices
Canada Nov Building Permits
Fed's Kaplan discussion on Weitzman Annual Retail Forecast (Dallas)
Brazil FX Flows
Atlanta Fed Business Inflation Expectations
US Nov (F) Wholesale Inventories & Trade
EIA weekly Petroleum/Gasoline/Distillates Status (w/e 01/05/18)
US Treasury Auctions $20B reopened 10-year Notes
Fed's Bullard on US Economy & Monetary Policy (St. Louis)
Swedish Central Bank minutes of its MPC meeting
OVERNIGHT into US Thurs. a.m. et:
New Zealand QV Dec House Prices
Aussie Retail Sales
Italian Retail Sales
Eurozone & Spanish Nov Industrial
Production
Eurogroup PRes Dijsselbloem on future of
euro zone @LSE (London)
ECB Releases Account of December
Rate Meeting
Canada Nov New Housing Price Index
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Thursday, Jan 11 |
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NY Fed Pres Dudley keynotes
at SIFMA "US Economic Outlook: What's in Store for 2018"
Fed's Bullard on US Economic Outlook & Monetary Policy (St
Louis)
US weekly Jobless Claims
US Dec. PPI--Final Demand
EIA weekly Natural Gas Report
US Treasury Auctions $12B Reopened 30-year Bonds
US Treasury Budget (Im) Balance
Fed weekly Balance Sheet (shrinking more quickly, now) & Money Supply
OVERNIGHT into US Fri. a.m. et:
NY Fed Pres. Dudley on US Economic
Outlook
New Zealand Nov Building Permits.
Japan Nov Current Account Balance, Trade
Balance, Bank & Trust Lending
China Dec Trade Balance
Singapore Q4 GDP
ECB Survey of Professional Forecasts
Aussie Nov Retail Sales, Credit Card
Purchases/Balances
China New Yuan Loans & Aggregate
Loans & Foreign Direct Investment
Japan Dec Economy Watchers Current Index
Singapore Nov Retail Sales
German (CY17) GDP & Public
Finances/GDP Ratio
Eurozone, French, German, Italian
& Spanish Dec CPI + HICP, Nov Industrial Production
Swedish Central Bank Dpty Gov
Skingsley discusses economic situation & monetary policy @Skagen Fonder's New
Year Conference (Stockholm)
India Nov Industrial Production &
Manufacturing Output +Dec CPI
Canada Teranet/National Bank Dec
Home Price Index
BoE Economist Silvana Tenreyro
@ '18 Peston Lecture at Queen Mary Univ of London on "The Fall in Productivity
Growth: Causes & Implications" (London)
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Friday,
Jan 12 |
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US Dec CPI
US Dec Retail Sales
US Wholesale & Retailer Inventories
China Dec Trade Balance with US
Baker-Hughes weekly US/North American Rig Count (1pm et)
Fed's Rosengren Keynotes @ Global Interdependence Center (GIC) Event at
which he'll receive the GIC Frederick Heldring Award for Global Leadership (San
Diego CA)
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Saturday, Jan 13 |
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US 3-day Holiday; 01/15 Martin
Luther King Jr Holiday. US Markets Closed 01/15 |
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WEEKS AHEAD:
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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