Feb-March-18Economic Statistics

wall street in advance

February/March 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, Feb. 25		OVERNIGHT into US Mon. a.m. et: China Jan FX Settlement Singapore Jan Industrial Production UK BBA Jan Loans for House Purchases Swiss 17Q4 Unemployment Report Brazil Jan Current Account & Foreign Direct Investment ECB's Draghi testifies at EU Parliament's ECON Cmte ECB's Inaugural Working Group on Euro Risk-Free Rates Meeting (Frankfurt)
Monday, Feb.26		Fed's Bullard on US Eco & Monetary Policy @NABE Economic Policy Conference, "Promoting Sustained Growth: Policy Tensions & Risks" (8am et D.C. thru 27th) Also speaking today, NAR, BLS, IHS Markit, CEA's Kevin Hassett, NGA's National Governors split up to meet at White House w/Trump or Pence Chicago Feb Nat'l Activity Index US Jan. New Home Sales Dallas Fed Feb Manufacturing Survey US Treasury Auctions $51B 3- & $45B 6-month Bills (11:30am) Fed Vice Chairman Quarles 'An Assessment of the US Economy" @NABE (3:15pm et) BoE's Cunlife speaks @Warwick University (London) OVERNIGHT into US Tues. a.m. et: New Zealand Jan Trade Balance BoJ CPI South Korea MPC Feb Rate Decision (current 1.5%) German Jan Retail Sales Spanish Feb CPI, HICP Hong Kong Jan Trade Balance Italian Jan Trade Balance Eurozone Feb Economic, Business, Industrial, Services & Consumer Confidence Bundesbank's Weidmann presents Annual Report German Feb CPI & HICP
Tuesday, Feb. 27		FOMC Chief (new) Powell Testimony at House Fin Services Cmte (10am et) US Jan Int'l Trade Deficit US Jan Durable Goods Orders & Shipments US Jan Wholesale Inventories Jan US Retail Inventories Redbook weekly chain store sales snapshot S&P/Case Shiller Dec. Home Price Index (9am et) FHFA Dec House Price Index Conference Board's US Consumer Confidence Canada Dec Budget Balance Richmond Fed Manufacturing Index US Auctions $22B 52-week Bills (11:30am) Who ya gonna call? Brookings Institution calling upon Janet Yellen & Ben Bernanke, in "A Fed Duel." (@2pm D.C.) USDA Farm Prices (3pm) OVERNIGHT into US Wed. a.m. et: Japan Jan Retail Trade, Industrial Production/Utilization UK Feb Nationwide House Price Index, + GfK Consumer Confidence, Lloyds Feb Business Barometer, BRC Shop Price Index Aussie Jan Private Sector Credit China Feb Manufacturing & non-Manufacturing +Composite PMIs Japan Jan Vehicle Production, Housing Starts, Construction Orders India Nikkei Markit Feb Manufacturing PMI French 17Q4 GDP, Jan Consumer Spending, CPI & PPI Hong Kong 17Q4 GDP + Money Supply German Feb Unemployment Rate/Change Swiss ZEW Feb Expectations South Africa Jan PMI India Federal Jan Fiscal Deficit Eurozone & Italian Feb CPI India Jan Infrastructure output & M3 Money Supply
Wed. Feb. 28		MBA weekly Mortgage/Refinance Applications India 17Q3 & Annualized GDP Brazil Unemployment Rate, Jam Budget Balance US 17Q4 GDP (Final), Personal Consumption, PCE (but is Powell looking at it?) US 17Q4 (F) Corporate Profits Canada Jan Industrial Products & Raw Materials Price Indices Chicago Feb PMI NAR Jan Pending Home Sales EIA weekly Petroleum/Gasoline/Distillate Stockpiles (w/e 2/23) OVERNIGHT into US Thurs. a.m. et: New Zealand 17Q4 Terms of Trade Index & ANZ Feb Job Ads Aussie Feb CBA Manufacturing PMI + AiG Performance of Manufacturing, Feb CoreLogic House Price Index. & 17Q4 Private CapEx Japan 17Q4 Company Profits & Sales, Capital Spending, Loans & Discounts Japan Feb Official FX Reserve Assets & Nikkei Feb Manufacturing PMI BoJ's Kataoka speaks (Okayama Japan) China Feb Caixin Manufacturing PMI Japan Feb Vehicle Sales & Consumer Confidence Aussie Feb Commodity Index Swiss 17Q4 GDP & Jan Retail Sales + Feb Manufacturing PMI Markit Eurozone, France, Germany & Italy Feb Manufacturing PMI UK Jan Net Consumer Credit, Mortgage Approvals, M4 Money Supply, Markit Feb Manufacturing PMI, Nationwide Home Prices Eurozone Jan Unemployment Rate & Feb Manufacturing PMI Italy FY17 GDP & Jan Unemployment Rate
Thursday, Mar 01		US Feb Motor Vehicle Sales FOMC (new)Chief Powell Testimony @Senate Banking Cmte (10am approx) Canada 17Q4 Current Account Balance US weekly Jobless Claims South Africa Feb Total Vehicle Sales US Jan Personal Income/Outlays + PCE US Feb Manufacturing PMI RBC Canada Feb Manufacturing PMI US Feb Manufacturing ISM Orders/Shipments/Prices US Jan Construction Spending EIA weekly Natural Gas Report (w/3 02/23) Fed's Dudley speaks w/Q&A @Central Bank of Brazil Event on Globalization & Trade (Sao Paulo Brasil) US weekly Money Supply & weekly Fed Balance Sheet OVERNIGHT into US Fri. a.m. et: New Zealand Jan Building Permits & Feb ANZ Consumer Confidence Japan Jan Jobless Rate, Household Spending, Feb CPI, BoJ Monetary Base South Korea Jan Industrial Production, Retail Sales & Service Sector Output +Feb Trade Balance Aussie HIA New Home Sales South Korea Nikkei Feb Manufacturing PMI German Jan Retail Sales Spain Unemployment Rate/Change Hong Kong Jan Retail Sales Italy 17Q4 GDP Singapore Feb Manufacturing PMI BoE's Carney speaks to Scottish Economics Studens (Edinburgh) EU Exec Board member Mersch speaks at KPMG Finance Forum 2018 UK Markit/CIPS UK Feb Construction PMI
Friday, March 02		Canada Dec/17Q4 GDP U.M. (F) Feb. Consumer Sentiment Baker-Hughes US/North American Rig Count (1pm et)
Saturday, March 3
Sunday, March 4		Italian Elections will, ultimately, determine who runs the government German Social Democrats announce whether they've agreed to a coalition with Merkel? CFTC's Giancarlo (+ more) speak at IIB Annual Institute of Int'l Bankers Conference (D.C. thru 6th) OVERNIGHT into US Mon. a.m. et: Aussie CBA Feb Services & Composite PMI China Xi JingPing press statement before opening the Nat'l People's Congress Begins (Beijing thru 9th) Aussie Q4 Corporate Operating Profits & Inventories, Jan Building Approvals, ANZ Feb Job Advertisements, Jan Private House Approvals Japan Nikkei Feb Services & Composite PMI Caixin China Feb Services & Composite PMI Hong Kong Feb Manufacturing PMI India Nikkei Feb Services PMI South Africa Standard Bank Feb PMI SNB (Suisse) Final FY17 Results Eurozone, France, Germany, Italy, & Spain Feb Services & Composite PMI UK Feb Offical FX Reserves, CIPS Feb Composite & Services PMI Eurozone Jan Retail Sales
Monday, March 5		US Feb Markit Services & Composite PMI US Feb Non-Manufacturing ISM/Prices Paid/Orders/Employment/Outlook Brazil Feb Markit Services & Composite PMI US Treasury Auctions $51B 3-, & $45B 6-month Bills (11:30am et That's it this wk!) Fed Gov Quarles on foreign bank regulation @IIB (noon to 2pm) Deutsche Bundesbank's Dombret on "Where to we go from her? The Future of US-EU financial relations after Basel III Finalization (D.C.) Chico Fed's Evans also speaks @IIB WSJ CIO Network Annual Meeting (San Francisco) TD Ameritrade IMX (12:30pm et) New Dallas Fed Consumer Credit & Debt in Dallas County Report Debuts OVERNIGHT into US Tues. a.m. et: RBA (Aussie) MPC Decision, RBA Cash Rate Target (03/06 local time) South Korea Feb CPI & Jan Current Account South Africa 17Q4 GDP UK Feb BRC Like-for-Like Sales + 30 year Treasury Gilt Auction Aussie Q4 Current Account Balance, Exports/Q4 GDP, CapEx, Consumption & Jan Retail Sales RBA (Aussie) Gov Lowe presents Rate-related Assessmentwith press Brazil Jan Industrial Production + Feb Auto Production/Sales Swiss Feb CPI German Markit Feb Construction PMI Markit Eurozone, France, Germany, Italian Feb Retail PMI BoE Chief Economist Haldane unveils the launch of a report on how most people feel excluded from key economic policy decision-making in London Riksdag Cmte on Finance open hearing on monetary policy with Gov Ingves & Dpty Gov Ohlsson Canada Ivey Feb PMI
Tuesday, Mar. 06		NY Fed's Dudley Breakfast Roundtable on USVI leaders of non-Profits, later discussing hurricanes in USVI with Gov Kenneth Mapp (St Thomas 7:30am+) Redbook weekly Store Sales Snapshot Fed's Kaplan Inaugural Release of Dallas County Consumer Credit & Debt (8am ct) US Jan Factory Orders (Dec +1.7%) US Jan (F) Durable Goods Orders/Shipments Fed Gov Brainard Eco & Monetary Policy Outlook @NY Money Marketeers Forum (NY 5:30pm) OVERNIGHT into US Wed. a.m. et: New Zealand QV Feb House Prices + 17Q4 Volume of All Buildings RBA Gov. Lowe speaks (Sydney) + Aussie Feb FX Reserves China Feb FX Reserves Fed's Evans speaks at CERAWeek Energy Conference ???? South Africa Feb FX Reserves Hong Kong Feb FX Reserves Singapore Feb FX Reserves French Jan Current Account & Trade Balance Swiss Feb FX Reserves UK Halifax Feb House Prices Eurozone 17Q4 Gov't Expenditures, Household Consumption, Gross Fixed Capital, 17Q4 GDP UK Annual Budget Release
Wed., March 7		MBA weekly Purchase/Refinance Applications NY Fed's Dudley presentation to NY Fed Economists & Puerto Rican Eco Situation (ends with neigborhood recovery tour) Fed's Bostic "fireside chat" w/Q&A to Broward Workshop (Ft Lauderdale 8am et) ADP Feb. Private Business' Employment Report Canada 17Q4 Labor Productivity, Jan Int'l Merchandise Trade Fed's Dudley participates in discussion on recovery from Irma & Maria @P.R. Chamber of Commerce US Jan Int'l Trade Deficit US 4Q17 Productivity & Costs BoC (Canada) MPC Rate Decision (current 1.25%) EIA weekly Petroleum/Gasoline/Distillates Status (W/E 03/02) Fed's Beige Book (2pm et) US Jan Consumer Credit (Debt really, especially new borrowing 3pm et) OVERNIGHT into US Thurs. a.m. et: New Zealand 17Q4 Manufacturing Activity Volume, ANZ Feb Truckometer Heavy Japan Jan. Current Account Balance, Jan Trade Balance, 17Q4 GDP, Private Consumption, Business Spending, Bank Lending, Household Spending China Feb Trade Balance (Imports/Exports), Feb Foreign Direct Investment Germany Q2 Manpower Employment Outlook & Jan. Factory Orders French Jan Trade Balance UK RICS Feb House Price Balance Eurozone 17Q4 GDP Aussie Jan Trade Balance Swiss Feb Unemployment Rate/Change ECB MPC Rate Decision, Deposit Facility Rate (03/08 local time) Canada Jan New Housing Price Index & Building Permits, Jan Trade Balance & Feb Housing Starts Riksbank discusses the role and significance of the inflation target BoC's Lane speaks at Greater Vancouver Board of Trade
Thursday, Mar. 08		ECB Chief Draghi post-Meeting Press Conference US Feb. Chain Store Sales US weekly Jobless Claims ISM Qtrly Services Survey (10am) US weekly Natural Gas Report US weekly Fed Balance Sheet & Money Supply (4:30pm et) OVERNIGHT into US Fri. a.m. et: BoC Dpty Gov Lane speech New Zealand Feb Card Spending & Feb REINZ House Sales BoJ MPC Rate Decision/10-yr JGB Target, Money Stock (03/09 local time) BoJ post-Meeting Press Kuroda Press Conference China Feb PPI, CPI Brazil Feb CPI German Jan Trade Balance, Current Account, Industrial Production/Labor Costs UK Jan Visible Trade/Balance, Industrial & Manufacturing Production, Construction Output & NIESR Feb GDP Canada Feb Unemployment Rate/Change/Participation
Friday, March 09		US Feb. Unemployment Report/Change/Labor Cash Earnings/Participation Rate US Jan Wholesale Trade/Inventories Canada Q4 Capacity Utilization Fed's Evans on "Fed's Return to Normalcy," w/Q&A @Shadow Open Market Cmte Spring Meeting (NY 12:45pm et) Baker-Hughes weekly US/North American Rig Count (1pm et)
Saturday, Mar. 10		China Feb Aggregate Financing, Money Supply, New Yuan Loans German Feb Wholesale Price Index

       WEEKS AHEAD: 03/14     ECB's Draghi, Praet, Constancio, & Banque de France's de Galhau speak at ECB/ITS watchers Conference (Frankfurt)
                                        03/17      G20 Finance Ministers & Central Bankers Meet (Buenos Aires)
                                  03/20--21    FOMC Meets
                                        03/21      FOMC (new) Chief Powell 1st post-Mtg Press Conference, updated FOMC SEP (forecasts)
                                         03/22     BoE MPC Meets

*FOMC 2018 Voting Members: Chairperson Jerome Powell, as of 02/05/18, and ALL members of the FOMC Board of Governors are permanent voters: That includes 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. Dissenters at the Dec. 2017 Meeting, Neel Kashkari & Charles Evans, are no longer voters in 2018. Hawk Mester votes in 2018..