wall street in advance

May 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,   April 29      OVERNIGHT into US Mon. a.m. et:
         UK Lloyds April Business Barometer
         South Korea March Industrial Production, Retail Sales, Service Sector Output
         RBA Gov Lowe speaks at Board Dinner + TD Securities April Inflation
         European Commission Economic Data & Forecasts Updated
         China April Manufacturing, non-Manufacturing & Composite PMI
         Aussie March Private Sector Credit & HIA New Home Sales
         New Zealand ANZ April Activity & Business Confidence
         Singapore March Bank Lending, Q1 Business Expectations
         South Africa March Private Sector Credit, Trade Balance, & M3
         German March Retail Sales, April CPI + HICP
         Spain Feb Current Account
         Eurozone Private Sector Loans
         Italy Apr CPI & HICP
         India March Federal Fiscal Deficit & Infrastructure output
Monday, April 30 US March Personal Income/Spending, + PCE
Canada March Industrial Product & Raw Materials Price Indices
Chicago April PMI
US March Pending Home Sales Index
Canada Mar. IPPI, RMPI
Dallas Fed April Manufacturer Activity Survey+ March PCE
US Treasury Auctions $48B 3-, & $42B 6-month Bills
Brazil March Budget Balance, Debt-to-GDP Ratio
Japan & China Holidays
    OVERNIGHT into US Tues. a.m. et:
         RBA (Aussie) MPC Meets

         AiG April (Aussie) Performance of Manufacturing Index
         New Zealand March Building Permits
         Aussie CBA April Manufacturing PMI   & CoreLogic House Price Index
         South Korea April Trade Balance
         Japan April Official Reserve Assets & Apr. Manufacturing PMI
         RBA post-Meeting Cash Interest Rate + Apr. Commodity Index
         Swiss April Manufacturing PMI
         Ward's US April Total Vehicle Sales
         BoE March Consumer Credit, M4 Money Supply
         UK March Net Lending on Dwellings, Mortgage Approvals
         UK Markit April Manufacturing PMI, M4 Money Supply
         South Africa Manufaturing PMI
         Canada Feb GDP, RBC April Manufacturing PMI 
Tuesday,   May 01 US April Motor Vehicle Sales
Redbook weekly store sales snapshot
Canada Feb GDP + RBC April Manufacturing PMI
FOMC 2-day Meeting starts
US April Manufacturing PMI
US April ISM Manufacturers' Index/Orders/Prices Paid/Employment
US March Construction Spending
BoC's Poloz speaks Yellowknife Chamber of Commerce
Holidays in China, Hong Kong, Russia, Italy, France, Brazil, South Africa, Spain, South Korea, Switzerland, Germany, India. (May Day in most Countries)
    OVERNIGHT into US Wed. a.m. et:
         New Zealand April QV House Prices   Q1 Unemployment Rate/Change/ Participation/Labor Cost
         South Korea April CPI + Nikkei April Manufacturing PMI
         UK BRC April Shop Price Index
         Japan April Monetary Base End of Period, Nikkei Services & Composite PMI + April Consumer Confidence Index
         China Caixin Manufacturing PMI
         Swiss March Retail Sales, April SECO Consumer Confidence
         Markit Eurozone, France, Germany, Italy Apr. Manufacturing PMI
         Italy Q1 GDP
         UK Markit/CIPS April Construction PMI
         Eurozone Q1 GDP, March Unemployment Rate
         Riksbank Gov Ingves
address at FT Global Banking Conference (London)
Wed.,         May 02 FOMC post-Meeting Statement (2pm et)
MBA weekly Mortgage/Refinance Applications
ADP April Private Company Employment Report
US Treasury Refudning Announcement includes 10-, & 30-year Bonds
EIA weekly Petroleum/Gasoline/Distillates Report
Brazil Markit April Manufacturing PMI, Trade Balance & FX Flows
Singapore April Manufacturing PMI
South Africa April Total Vehicle Sales
    OVERNIGHT into US Thurs. a.m. et:
         Aussie ANZ Apr. Job Ads, AiG Performance of Service Index, CBA Services & Composite PMI, March Trade Balance, Mar. Building Approvals, Trade Balance Private House Approvals
         New Zealand Commodity Price Index
         Norges Bank (Norway) MPC Interest Rate Decision (Oslo 05/03 local time)
         Russia Markit April Manufacturing Index
         Spain Unemployment Change + Consumer Confidence
         UK Markit/CIPS April Services & Composite PMI
         Hong Kong March Retail Sales
         Eurozone March PPI, April CPI
Thursday, May 03 Challenger April Job-Cut Report
ECB's Constancio & Coeure speak @"Fostering Banking Union and Capital Markets" (Frankfurt)
Bk of France Gov de Galhau speaks at BoF/European Investment Bank "Investment in France: gearing up momentum" (Paris FR)
US March International Trade Deficit
US weekly Jobless Claims
Canada March Int'l Merchandise Trade Balance
ECB's Coeure speaks (Frankfurt)
US 181 Productivity & Costs
US April Markit Services & Composite PMI
Brazil Mar. Industrial Production
Russian Central Bank Reserves
US March Factory Orders
US April Non-Manufacturing ISM Index
US March (F) Durable Goods Orders/Shipments
EIA weekly Natural Gas Report
SNB's (Swiss) Gov Jordan speaks on Vollgeld Initiative {Soverign Money} (Zurich  Vollgeld Eliminates Leverage, instead backing every penny lent with cash)
US weekly Fed Balance Sheet & Money Supply
Japan Holiday
    OVERNIGHT into US Fri. a.m. et:
          China BoP Q1 Current Account Balance
           RBA Monetary Policy Statement
           South Korea March Current Account
           Hong Kong April Manufacturing PMI
           China Caixin April Services & Composite PMI
           India Nikkei April Services PMI
           France Mar Current Account, Gov't Budget Balance, Industrial Investments, Trade Balance             
           South Africa April Standard Bank PMI
           Markit Eurozone France, Germany, Italy April Services & Composite PMI
           UK April New Car Registrations
           Eurozone March Retail Sales
Friday,      May 04 US April Unemployment Rate/Change/Participation/Avg Hourly Earnings
Canada Ivey April PMI
Fed's Dudley at BBG's "Financial Tumult of Our Times & Challenges Ahead" (NY)
Fed's Williams Fed Gov Quarles presentst on "Financial Stability, Regulations & the Balance Sheet" + Fed's Bostic, George & Kaplan Panelists on "Monetary Policy & Reform in Practice" @ Hoover Institution/Stanford Univ. "Currencies, Capital & Central Bank Balances: A Policy Conference" (Amelia Island FL)
Brazil Markit April Services & Composite PMI
Russia CPI
Baker-Hughes weekly US/North American Rig Count (1pm)
Japan Holiday
    OVERNIGHT into US Saturday
         Riksbank's Olsen & Slyngstad
participate on the management of Gov't Pension Fund in the Storting's Financial Committee (Oslo)
Saturday,  May 05 Japanese Holiday--Children's Day
Sunday,    May 06 BoJ releases Minutes of its March 08--09 Meeting
Fed Gov Quarles speaks at Atlanta Fed's "23rd Annual Financial Markets Conference on :Machines Learning Finance" (7pm et  Amelia Island FL )
    OVERNIGHT into US Mon.a.m. et:
        China April FX Reserves
        Aussie April NAB Business Conditions Survey
        German March Factory Orders + April FX Reserves
        Russia April Markit Services PMI
        Hong Kong April FX Reserves
        Singapore April FX Reserves
        Eurozone May Sentix Investor Confidence
        Swiss April CPI
        Markit German April Construction PMI
        MBA (US) Q1 Mortgage Foreclosures & Delinquencies (Fannie says down)
        Markit, Eurozone, French, German April Retail PMI
Monday,  May 07 US Treasury Auctions $48B 3-, & $42B 6-month Bills
TD Ameritrade IMX
Fed's Barkin speaks @George Mason Univ w/Q&A (2pm Fairfax VA)
US March Consumer Credit  (Debt, really, 3pm)
BoC (Canada) Lane panelist (Portugal)
Brazil April Auto Production & Sales
Fed's Kaplan on "Learning about an ML-Driven Economy" + Fed's Bostic, Fed's Harker, Fed's Evans, & Vince Reinhart on "Machines Learning Finance: Will they change the Game?" @ Atlanta Fed's 23rd Financial Markets Conference on "Machines Learning Finance" (Amelia Island FL) (www.frbatlanta.org/news/conferences-and-events/conferences/2018/
South Korea & UK Holidays
    OVERNIGHT into US Tues. a.m.
        RBA (Aussie) Boge speaks (Sydney)
        Japan March Household Spending
        China April Trade Balance (Exports/Imports), Foreign Direct Investment
        Aussie March & Q1 Retail Sales
        Japan 10-year JGB Auction
        Swiss April Unemployment Rate, & Q1 UBS Real Estate Bubble Index
        South Africa April FX Reserves
        Riksbank publishes Minutes of its Monetary Policy Meeting (Stockholm)
        German March Trade Balance, Current Account, Industrial Production
        UK Halifax April House Prices
       EU Economic Forecasts
        Canada April Housing Starts           
Tuesday, May 08 NFIB Small Business Optimism Index
Canada April Housing Starts
Redbook weekly store sales snapshot
US Auctions 4-week bills (11:30am et) & Auctions $31B 3-year Notes (1pm et)
IMF's Tao Zhang speaks at Atlanta Fed FinMarkets Conference
     OVERNIGHT into US Wed a.m.
          New Zealand April Retail Spending/Card Spending, REINZ House Sales
          China Trade Balance 
          UK BRC Like for Like April Sales
          Japan Mar. Labor Cash Earnings, Real Cash Earnngs, April FX Reserves
          French & Spanish March Industrial Production
          Italy Mar Retail Sales
          German 30-year Bund Auction
          UK 10-year Treasury Gilt Auction
Wed.       May 09 MBA weekly Mortgage/Refinance Applications
Canada Mar Building Permits
US March Wholesale Trade
EIA weekly Petroleum/Gasoline/Distillate Status
US Treasury Auctions $25B 10-year Notes (1pm et, a tenor that's had trouble of late)
Canada March Building Permits 
Brazil FX Flows
Fed's Bostic speaks @World Affairs Council w/Q&A (1:15pm Jacksonville FL)
Russia Holiday
    OVERNIGHT into US Thurs. a.m. et:
         RBNZ (New Zealand) MPC Policy Statement, Official Cash Interest Rate
         RBNZ post-Meeting Press Conference

         BoC (Canada)'s Dinish speaks on Cyber Security
        UK RICS April House Price Balance
         Japan March Current Account & Trade Balance +April Bank Lending
         BoJ Summary of Opinions from April 26--27 MPC Meeting  (Tokyo)
         China April Aggregate Financing, Money Supply, New Yuan Loans
         German April Wholesale Price Index
         China April PPI & CPI
        ECB Publishes Economic Bulletin 
         UK Mar. Trade Balance, Industrial & Manufacturing Production, Construction Output
         South Africa March Mining & Gold Production
         BoE Monetary Policy Statement,   Asset Purchase Target, Inflation Report, QE Total
         UK April NIESR GDP
         Brazil April CPI
Thursday, May 10 US April CPI
Canada March New Housing Price Index + BoC Review
US weekly Jobless Applications
EIA weekly Natural Gas Report
US Treasury Auctions $17B 30-year Bonds
Treasury Refunding Announcement
US Treasury Budget (2pm et)
US Fed Balance Sheet + Money Supply (4:30pm et)
Swiss Holiday
    OVERNIGHT into US Fri. a.m. et:
         New Zealand April Business Manufacturing PMI, Food Prices
         Aussie March Home Loans, Investment Lending, Value of Loans
         Singapore March Retail Sales
         Spain April CPI, HICP
         Hong Kong Q1 GDP
         India Bank Loan & Deposit Growth, FX Reserves, Mar. Industrial Production, & Manufacturig Output
Friday,     May 11 Brazil March Retail Sales
US April Import/ Export Prices
Canada April Unemployment Rate/change/Earnings/Participation
BoC's Wilkins speaks at Women's Forum Canada
Fed's Bullard
speaks wQ&A @ Springfield Business Development Corp Meeting
Russia March Trade Balance
U.M. May PreliminaryConsumer Sentiment
Baker-Hughes Rig Count (1pm et)
Saturday, May 12

         WEEKS AHEAD:  05/
14    Fed's Bullard presentation @ CoinDesk's Consensus (NY)
                                                       Fed's Mester speaks at GIC "Central Banking Series with Banque de France"
                                       05/17       Bk of Mexico MPC Meets
                                       05/30       BoC (Canada) 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..