wall street in advance

February/March 2018 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,    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
(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
        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: 0
3/14     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..