wall street in advance

May/June 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,   May 27 French Open Tennis Championship starts @Roland Garros Stadium. (Paris)
BoE MPC member Tenreyro panelist (Stockholm)
Bk of Spain Gov. Linde introduces Bk of Portugal Gov. Carlos da Silva
    OVERNIGHT into US Mon. a.m. et:
        Japan Corporate Services Price Index

        German April Retail Sales, Import/Export Prices
        China April Industrial Profits
        Swiss Q1 Employment Level
        Italy April PPI
        Hong Kong April Trade Balance
Monday, May 28 All Markets Closed in US & UK for (separate) National Holidays
Brazil April Bank Lending
    OVERNIGHT into US Tues. a.m. et:
         Fed's Bullard on US Eco & Monetary Policy Japan Center for Int'l Finance's Global Finance Seminar w/Q&A ( 12:40am Tokyo)
         Japan April Jobless Rate
         UK Nationwide Home Price Index
         Swiss April Trade Balance (Exports/Imports), Swiss Watch Exports
         Eurozone April M3 Money Supply & Private Sector Loans
         ECB's Mersch keynotes on "The Continental Perspective," @ Frankfurt Finance Summit, organized by Frankfurt Main Finance "Ready, Steady, Go! Who is ready to set the pace in challenging times?" (05/29 local time)
         Riksbank Dpty Gov Ohlsson on current eco policy challenges (Orebro Univ Sweden)
         ECB's Lautenschlager on monetary policy (Frankfurt)
Tuesday,  May 29 Brazil May Unemployment Rate
Case-Shiller March Home Price Index   (9am)
Conference Board's May Consumer Confidence (10am)
Dallas Fed Manufacturing Survey
US Treasury Auctions $48B 3-, & $42B 6-month Bills (11:30am)
US Treasury Auctions  $40B  4-wk at 1pm)
Singapore Hoiday 
    OVERNIGHT into US Wed. a.m. et:
         V.P. Constancio Leaves ECB as his Term Expired

         RBNZ (New Zealand) Publishes Financial Stability Report + May Bldg Permits
         UK BRC May Shop Price Index + Nationwide Home Price Index
         Japan April Retail Trade, May Consumer Confidence
         South Africa Private Sector Credit + April M3
         Aussie April Building Approvals
         Spain May CPI, HICP, & Retail Sales
         French 18Q1 (P) GDP
         German May Unemployment Claims/Change, & CPI & HICP
         Swiss May ZEW Conditions/Expectations + SNB Chair Jordan's "Innovation & Entrepreneurship: Success Factors in a Changing Economic World," Award Ceremony De Vigier Foundation
         BoJ Gov Kuroda @2018 BoJ/IMES Monetary Plicy in a Post-Financial Crisis Era Conference (Tokyo)
         BoE Macro-Finance Workshop 2018 (to May 31st Tokyo)
         Eurozone May Business, Industrial, Services +Consumer Economic Confidence
Wed.,       May 30 MBA weekly Mortgage/Refinance Applications
ADP May Private Sector Employment Report
Brazil Q1 GDP & FX Flows
US 18Q1 GDP/Domestic Price Index/PCE
Canada 18Q1 Currenrt Account Balance, April Industrial (IPPI)  & Raw Materials Price (RMPI) Indices
US April International Trade Deficit
Brazil April Budget Balance & FX Flows
SNB's Jordan speaks (Solothurn)
US Q1 Corporate Profits
US April (Adv) Retail & Wholesale Inventories
Federal Reserve Board meets to Discuss Changes to the Volcker Rule
WorldBank Group 8th Global Housing Finance Conference (D.C. thru 06/01)
Redbook weekly store sales snapshot
Bk of Canada MPC Rate Decision & post-Meeting Statement (Ottawa)
Dallas Fed May Services Revenues
Federal Reserve Releases Beige Book  (2pm et)
USDA Farm Prices  (3pm et)
    OVERNIGHT into US Thurs. a.m. et:
         South Korea Jun. Manufacturing BSI Index, April Industrial & Service Sector Production
         UK GfK May Consumer Confidence+Llpoyds Business Barometer
         Japan April Industrial Production & Forecast
         Canada CFIB May Business Barometer
         New Zealand May ANZ Activity Outlook, Business Confidence
         China May Manufacturing/Non-Manufacturing/Composite PMI, + Swift April Global Payments
        Aussie Q1 Private CapEx & April Credit
        Singapore April Bank Lending
        Japan April Vehicle Production, Housing Starts, Construction Orders
        Swiss Q1 GDP, SNB Survey Results on Payment Methods Presented by VP Zurbruegg, & April Retail Sales
        UK April Net Consumer Credit, Lending on Dwellings, Mortgage Approvals, M4 April Nationwide May Home Price Index
        German April Retail Sales
        French April CPI, HICP, PPI
        Spain Q1 GDP & March Current Account
        Italy April Unemployment Rate, May CPI & HICP
        Hong Kong April Retail Sales & M3 Money SUpply
        Eurozone April Unemployment Rate, & May (A) CPI
        South Africa April PPI + April Trade Balance
        India Q4 GDP, March Federal Fiscal Deficit
        Canada March + Q1 GDP
        BoE/CEPR Conference on Competition & Regulation in Financial Markets
Thursday, May 31 Challenger May Job-Cuts (7:30am et)
US weekly Jobless Claims
Brazil Corpus Chrsti Holiday
US April Personal Income/Spending/PCE/Savings  (8:30am et)
BoC Dpty Gov Ledue speaks on Economic Progress Report, Canada Q1 GDP
Russian Central Bank Reserves
Chicago May PMI (9:45am et)
NAR April Pending Home Sales
EIA weekly Natural Gas Report
EIA weekly Petroleum/Gasoline/Distillate Reports (w/e 5/25, holiday delayed)
G7 Finance & Development Ministers & Central Bank Governors Meet on "Investing in Growth that Works for Everyone" (Whistler BC Canada to June 2nd)
Fed's Bostic Q&A at Florida Prosperity Partnership 10th Statewide Training   Conference (12:30pm Orlando)
Fed weekly Balance Sheet & US Money Supply (4:30pm)
    OVERNIGHT into US Fri. a.m. et:
         Japan Q1 Company Profits, Capital Spending, April Loans & Discounts, May Official FX Assets
         New Zealand Q1 Terms of Trade
         South Korea Q1 GDP,  May Trade Balance, Nikkei Manufacturing PMI & CPI
         Aussie CoreLogic May House Price Index & May Aig Manufacturing Index & HIA New Home Sales
         Japan Nikkei May (F) Manufacturing PMI, Motor Vehicle Sales & Q1 CapEx
         China Caixan May Manufacturing PMI + the Official Version
         India Nikkei Markit May Manufacturing PMI
         Russia Markit May Manufacturing PMI
         Aussie RBA May Commodity Price Index
         Swiss May Manufacturing PMI-SVME May PMI
         Markit May Eurozone, French, German, Italy, & Spain Manufacturing PMI
         Italy Q1 GDP
         UK Markit May Manufacturing PMI
         South Africa May Total Vehicle Sales
         BoE Economist Haldane lectures (Glasgow Scotland)
Friday,      June 01 US May Motor Vehicle Sales
US May Unemployment Report/Rate/Change/Participation
/Avg Hrly Earnings
Canada RBC May Manufacturing PMI
US May Manufacturing PMI (9:545am et)
US May ISM Manufacturing Index/Prices Paid/New Orders/Employment (10am et)
US April Construction Spending
Baker-Hughes weekly US/North American Rig Count (1pm et)
Brazil May Trade Balance
Saturday, June 02 G7 FinMin & Deputies' Meeting in Canada Wraps up
Sunday,    June 03     OVERNIGHT into US Mon. a.m. et:
        Japan Monetary Base end of May
        Aussie Q1 Business Inventories, Corporate Operating Profits, ANZ May Job Ads +April Retail Sales, HIA New Home Sales
         UK Markit/CIPS UK May Construction PMI
         Eurozone June Sentix Investor Confidence, April PPI
         Singapore May Manufacturing PMI
         Spain Unemployment/Change
Monday,  June 04 US May Factory Orders
US April Final Durable Goods Orders/Shipments
US Treasury Auctions $48B 3-, & $42B 6-month Bills  (That's it aside from 4-wk)
TD Ameritrade IMX (12:30pm et)
New Zealand Holiday Celebrates Queen's Birthday
    OVERNIGHT into US Tues. a.m. et:
         Aussie AiG May Performance of Services & CBA May PMI Services+ Composite Indices
         UK May BRC Like-for-Like Sales
         South Korea April Current Account
         Japan April Overall Household Spending, Nikkei May Services & Composite PMI
         Aussie Q1 Current Account Balance
         Caixan China May Services & Composite PMI
         Hong Kong May Manufacturing PMI
         RBA (Aussie) MPC Interest Rate Decision, & Cash Rate Target (06/05 local time)
         India May Nikkei Services PMI
         Russia May Markit Services PMI
         Markit Eurozone, France, Italy, Spain & Germany May Services & Composite PMI
         French Gov't April Budget Balance
         South Africa Standard Bank May PMI & Q1 GDP
         UK May New Car Registrations, May Markit/CIPS Services & Composite PMI
         Eurozonme April Retail Sales
         Canada Q1 Labor Productivity
Tuesday,  June 05 Brazil April Industrial Production & Markit May Services + Composite PMI
ECB Chief Draghi & Jean-Claude Trichet meet for talks on 20th ECB Anniversary
Redbook weekly store sales snapshot
Canada Q1 LaborProductivity
US PMI May Services Index
US ISM May non-Manufacturing Index
Russia CPI
    OVERNIGHT into US Wed. a.m. et:
         New Zealand Q1 Volume of All Buildings, ANZ May Job Ads & Commodity Prices
         Japan April Labor Cash Earnings
         Aussie Q1 GDP
         Spain April Industrial Production 
         Swiss May CPI
         India Interest Rate Decision, Reverse REPO Rate, & Cash Reserve Ratio
         Markit Eurozone German, French, Italian May Retail PMI
         ECB Supervisory Bd Member Angeloni a panelist discussing "Completing the Banking Union," organized by the Ass'n of German Public Banks (Brussels Belgium)
         BoE MPC member McCafferty Q&A session on LBC radio
         ECB Supervisory Bd member Hakkarainen keynotes "The Digitalisation of Banking--Supervision Implications" @Lisbon Research Centre on Regulation & Supervision of the Financial Sector (CIRSF Lisbon, Portugal)
         ECB's Praet keynotes "Int'l Congress of Actuaries 2018" (Berlin Germany)
Wed.        June 06 MBA weekly Mortgage Applications
Canada April Int'l Trade Value/Balance, Building Permits + Ivey May PMI
US April International Trade Deficit + Revisions to Prior
US 18Q1 Productivity & Costs
EIA weekly Petroleum/Gasoline/Distillates Report (w/e June 1)
Brazil Fx Flows
    OVERNIGHT into US Thurs. a.m. et:
         China May Fx Reserves
         Hong Kong May Fx Reserves
         Aussie April Trade Balance & Fx Reserves
         Swiss May Unemployment Rate + May Fx Reserves
         South Africa May Fx Reserves & April Manufacturing Production
         French April Trade Balance
         Italian April Retail Sales
         German April Factory Orders
         UK Halifax May House Price Index + RICS House Price Balance
         Eurozone Q1 GDP, Fixed Gross Capital, Gov't Expenditures, Household Consumption 
          BoE MPC Ramsden speaks (London)
          1st Dpty Gov Jochnick on SAB's Financial Day offers his impression of the economic situation n Sweden & the rest of the world
Thursday, June 07 US May Chain Store Sales (all 9 still reporting)
US weekly Jobless Claims
Russia Central Bank Reservces
US Qtrly Services Survey
BoC Gov Poloz & Dpty Wilkins Press Conference to discuss the (Canada) Financial System Review
EIA weekly Natural Gas Report
US Refunding Announcement
US April Consumer Credit (3pm et;  Debt really)
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:
         Japan April Current Account Balance, April Trade Balance, Q1 GDP, Business Spending, May Bank Lending, May Bankruptcies
         China March  Trade Balance, May Foreign Direct Investment,
         German Manpower Q3 Employment Outlook, April Trade Balance, April Current Account, Industrial Production
         French April Industrial Production
         Eurozone Q1 Labor Costs
         BoE/TNS May Inflation over next 12 Months
         UK NIESR GDP Estimate, April Industrial & Manufacturing Production
         India Fx Reserves & Bank Deposit + Loan Growth
         Brazil May CPI
         Canada Q1 Capacity Utilization, May Unemployment Rate/Change/Participation,  Housing Starts
Friday,     June 08 US April Wholesale Inventories & Sales  (10am et)
G7 Heads of Countries Summit hosted by Canadian PM Trudeau (thru 9th Quebec)
Baker-Hughes weekly US/North American Rig Count
Saturday, June 09 China May CPI & PPI
Russia Trade Balance

         WEEKS AHEAD:06/12--13 FOMC Meets

                                         06/13    FOMC post-Meeting Statement Released + Updated SEP
                                                     FOMC Chief Powell's 2nd post-Meeting Press Conferernce
                                         06/14    ECB MPC Meets
                                         06/15    BoJ MPC Meets
                                         06/21    BoE MPC Meets
                                                       SNB MPC Meets
                                                       Norges Bank MPC Meets
                                                      Bk of Mexico 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 hawk 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..
               * HICP used in Europe, means Harmonized Index of Consumer Prices