wall street in advance

February 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. 04     OVERNIGHT into US Mon. a.m. et
        Aussie Jan CBA PMI Services & Composite +AiG Performance of Services
        South Korea Dec Current Account
        Hong Kong Jan Manufacturing PMI
        India Nikkei Jan Services PMI
        EU Commission Economic Forecasts
        Aussie Jan TD Securities Inflation
        China Caixin Jan Services & Composite PMI
        Japan Nikkei PMI Services & Composite Index
        Markit Italy, France, German, Spain, & Eurozone Jan Services & Composite PMI
        South Africa Standard Bank Jan PMI
        UK Jan Markit/CIPS Services & Composite PMI + Official Reserves
        Eurozone Dec Retail Sales         
        Riksbank Dpty Gov Skingsley
examing prospects for central bank-issued digital currencies (London)
Monday,   Feb. 05 Markit US Jan. Services PMI
US Jan. ISM Non-Manufacturinmg Index
US Treasury Auctions $48B 3-, & $42B 6-month Bills
TD Ameritrade IMX (12:30pm et)
    OVERNIGHT into US Tues. a.m. et:
        RBA (Aussie) MPC Announcement, Cash Rate Target
        Aussie Q4 Retail Sales & Dec Trade Balance
        German Dec Factory Orders & Dec Construction PMI
        UK Jan New Car Registrations
        Markit France, Germany, Italy, Eurozone Jan Retail PMI
        Brazil Jan Auto Production & Sales
        ECB Conference on improved payment system
Tuesday,  Feb. 06 US Dec. Int'l Trade Deficit
Canada Dec Int'l Merchandise Trade Balance & Ivey Jan PMI
Fed's Bullard on US Economy & Monetary Policy at 29th Annual Gatton College Business & Economics Outlook Conference w/Q&A (Lexington KY)
Redbook weekly Store Sales Snapshot
Fed's JOLTS (Labor Quits & Turn Over)
US Treasury Auctions Reopened $30B 70-Day Bills (a.m.)
US Treasury Auctions $26B 3-year Notes (1pm et)
    OVERNIGHT into US Wed. a.m. et:
         RBA Gov Lowe speaks (Sydney)
         New Zealand Q4 Unemployment Rate/Participation/Labor Costs
         China Jan. FX Reserves
         Aussie Jan FX Reserves & AiG Jan Performance of Construction
         Japan Jan. Official Reserve Assets, Dec Unemployment Rate, Participation, & Labor Cash Earnings
         South Africa Jan FX Reserves
         German Dec Industrial Production
         French Dec Trade Balance
         Italy Dec Retail Sales
         Swiss Q4 UBS Real Estate Bubble Index + Jan FX Reserves
         India Central Bank Interest Rate Decision, Cash Reserve ratio & Reverse REPO Rate
        Center for Financial Studies/Bundesbank Conference on "Money in the Digital Age: What Role for Central Banks?" (Frankfurt)
         UK Jan Halifax House Prices
Wed.,       Feb. 07 US weekly  MBA Purchase/Refinance Applications
Canada Dec Building Permits
Brazil FX Flows + Interest Rate Decision Expected
Fed's Dudley panelist at European American Chamber of Commerce & Thomson Reuters' "Banking Culture: Still Room for Improvement" (NY 8:30am et)
EIA weekly US Petroleum/Gasoline/Distillates Report
Fed's Evans
on US Eco Coniditions & Monetary Policy w/Q&A @Iowa Bankers Ass'n Bank Management Conference (Des Moines IA 11:10am)
US Treasury Auctions $24B 10-year Notes
US Dec. Consumer Credit (3pm et)
Fed's Williams speaking w/Q&A @Community Leaders Luncheon (Honolulu HI 5:30pm)
    OVERNIGHT into US Thurs. a.m. et:
         RBNZ (New Zealand) MPC Decision on Rates
(02/08 local time)
         RBNZ's Spencer post-Meeting Press Conference
         Japan Dec Current Account Balance, Trade Balance
         China Q4 Current Account Balance, Jan Int'l Trade Balance + Foreign Direct Investment
         Brazil Jan CPI
        Fed's Kaplan partipating in Q&A @Global Interdependence Ctr Conf (Frankfurt Germany 4:30am et)
         UK RICS Jan House Price Balance
         BoJ's Suzuki speaks (Wakayama) + Jan   Bankruptcies
         German Dec Trade Balance & Current Account
         ECB Publishes Economic Bulletin
         BoE MPC Meeting Statement, Asset Purchase Target, Corporate Bond Target. Minutes of Meeting   (02/08 Local Time)
Thursday, Feb. 08 BoE post-Meeting Press Conference
US January Chain Store Sales
(9 report monthly, others will update 4 Qtr)
Philly Fed Pres Harker on Eco Outlook & Impact for Colleges & Universities w/Q&A @Nat'l Ass'n of College & University Business Officers 2018 Endowment & Debt Management Forum (NY 8am est)
US weekly Jobless Claims
Canada Jan Housing Starts, Dec New Housing Price Index
Fed's Kashkari in Q&A (Pierre SD 9am)
EIA weekly Natural Gas Report
US Treasury Auctions $16B 30-year Bonds (1pm et)
BoC Deputy Gov Wilkins speaks
Mexican Central Bank sets Overnight Interest Rate
US weekly Money Supply & Fed Balance Sheet
    OVERNIGHT into US Fri. a.m. et:
        Fed's George on Eco Outlook w/Q&A @Witchita Independent Business Ass'n Annual (Wichita KS  9pm)
        EU's Moscovici in Athens for talks on next step in Greece's bailout
        New Zealand QV Jan House Prices
        Aussie Dec Home & Investment Lending, Value of All Loans
        China Jan PPI & CPI
        Swiss Jan Unemployment Rate
        Brazil Dec Retail Sales
        Fed's Harker on "Monetary Policy Issues in an EuropeanContext" (Frankfurt GIC Central Banking Series
        UK Dec Industrial & Manufacturing Production, Construction Output, Dec Visible Trade Balance
        ECB's Mersch on central banks & digital currencies, along with private Cryptocurrencies & potential applications for distributed ledger technology (London)
        BoE Inflation Report & NIESR GDP Q4 Estimate
Friday,      Feb. 09 US Dec Wholesale Trade
Canada Jan Unemployment Rate/Change/Participation/Part-Time
Baker-Hughes US/North American Rig Count
(1pm et)

Saturday,  Feb 10 China Jan Money Supply, New Yuan Loans, Aggregate Financing
German Jan Wholesale Price Index
Sunday,    Feb. 11 Japan National Founding Day Holiday
    OVERNIGHT into US Mon. a.m. et:
         New Zealand Jan REINZ House Sales & Electronic Card Spending
         Aussie Dec Credit Card Purchases
         Swiss Jan CPI
         Singapore Dec Retail Sales
         French Jan CPI & HICP
         Swiss Jan CPI
         India Dec Industrial Production/Manufacturing Output + Jan CPI
Monday,   Feb.12 US Treasury Auctions $48B 3-, & $42B 6-month Bills
US Treasury Releases its Budget
Brazil Carnival Holiday
Japan Holiday
    OVERNIGHT into US Tues a.m. et:
         RBA's (Aussie) Ellis speaks (Sydney), NAB Business Conditions
         Japan Jan Domestic Corporate Goods Price Index  +PPI
         South Korea Jan Export & Import Price Index
         Swiss Jan Producer & Import Prices
         UK Jan CPI, Retail Price Index & Producer Price Index, Dec House Price Index
         South Africa 17Q4 Unemployment Rate
         French 17Q4 Non-Farm Payrolls
Tuesday,  Feb. 13 NFIB Small Business Optimism Index
Fed's Mester on Monetary Policy & Eco Outlook @Dayton Area Chamber of Commerce Gov't Affairs Breakfast  (OH)
Redbook weekly store sales snapshot
South Korea Jan Unemployment Rate
Holidays in Brazil & India
    OVERNIGHT into US Wed. a.m. et:
          Japan 17Q4 GDP/CapEx/Consumer Spending

          Singapore 17Q4 GDP
          India Jan WPI Food, Fuel, Inflation, Manufacturing Inflation
          New Zealand Reserve Bank 2-year Inflation Expectations
          Riksbank (Sweden) MPC Meets Followed by Press Conference & Monetary Policy Report (02/14 local time Stockholm)
          German 17Q4 GDP, Jan CPI & HICP
          Italy 17Q4 GDP
          Eurozone 17Q4 GDP, & Dec Industrial Production/Capacity Utilization
Wed.        Feb. 14 MBA weekly Mortgage/Refinance Applications
US Jan Retail Sales

Canada Teranet/National Bank Jan Home Price Index
Atlanta Fed Business Inflation Expectationgs
US Dec Wholesale & Retail Inventories
Brazil FX Flows
EIA weekly Petroleum/Gasoline/Distillates Report
Brazil Carnival Holiday still
    OVERNIGHT into US Thurs. a.m. et:
         Japan Dec Machinery Orders
         Aussie Jan Unemployment Rate/Change/Participation + RBA Jan Fx Trasactions & New Motor Vehicle Sales
         Singapore Jan Non-Oil Exports
         Japan Dec Industrial Production/Capacity Utilization
         EU-25 Jan New Car Registrations

         Eurozone Dec Trade Balance
         Lunar New Year Holiday Celebrated in South Korea, China & Hong Kong--the latter closes early at noon (02/15 local time)
         French 17Q4 Unemployment Rate
         Spanish Jan CPI & HICP
         Italy Dec Trade Balance
         Eurozone Dec Trade Balance
         French FinMin Le Mairea & IMF Chief Lagarde speak at Eurozone Reform Meeting (Paris)
        ECB's Mersch keynotes at "Rencontres du Club SEPA" (Paris
        ECB's Lautenschlager keynotes Dutch Banking Day 2018 (Amsterdam)
Thursday, Feb. 15 US weekly Jobless Claims
BoC Dpty Gov Schembri speaks (Winnipeg)
Canada ADP Jan Payrolls Report
Philly Fed Business Outlook Survey
US an PPI--Final Demand
Empire State NY Fed Manufacturing Survey
Jan Industrial Production/Capacity Utilization
NAHB Feb Housing Market Index

EIA Natural Gas Report
US Treasury Auctions $7B 30-year TIPS
BoC Dpty Gov Schembri speks
Treasury Refunding Announcement
Canada Jan Existing Home Sales
US weekly Fed Balance Sheet & Money Supply
    OVERNIGHT into US Fri. a.m. et:

         New Zealand Jan Manufacturing PMI + Jan Non-Resident Bond Holdings
         Singapore 17Q4 GDP
         UK Jan Retail Sales
         Germany Jan WPI
         ECB's Coeure keynotes Nat'l Bank of the Republic of Macedonia Reinventing Bretton Woods Cmte Int'l Conference (Skopje Macedonia)
Friday,     Feb. 16 Lunar Holiday in Hong Kong, Singapore, South Korea, China
Jan US Housing Starts/Building Permits
Canada Dec Manufacturers Sales + Dec TICs
US Import/Export Prices
U.M. Preliminary Feb. Consumer Sentiment
17Q4 eCommerce Consumer Sales
Baker-Hughes weekly US/North American Rig Count (1pm et)
   OVERNIGHT into US Sat. a.m. et:
         Singapore 17Q4 GDP
Saturday,  Feb. 17 Lunar New Year Holiday Continues

         WEEKS AHEAD:
03/06     RBA (Aussie) MPC Meets
                                         03/07     BoC (Canada) MPC Meets
                                         03/08     ECB MPC Meets
                                         03/09     BoJ MPC Meets
                                          03/21    FOMC Meets
                                         03/22     BoE MPC Meets

*FOMC 2018 Revolving Voting Members:  Chairperson Jerome Powell, as of 02/05/18, and ALL members of the FOMC Board of Governors are permanent voters: Tthat 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..