wall street in advance

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,   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 (Lunar New Year)
German Feb Wholesale Price Index
Sunday,   Mar. 11     OVERNIGHT into US Mon. a.m. et:
         New Zealand REINZ Feb House Sales
         Aussie Jan Credit Card Purchases/Balances
         Japan Feb Machine Tool Orders
         Eurogroup Meets (Brussels)
Monday, Mar. 12 US Treasury Auctions $51B 3-, & $45B 6-month Bills, $28B 3-yr Notes (11:30am)
US Treasury Auctions $21B reopened 10-year Notes (1pm et)
US Treasury Budget (2pm et)
    OVERNIGHT into US Tues. a.m. et:
         RBA's (Aussie) Bullock speaks (Sydney)
         Australia & New Zealand Manpower Q2 Hiring Survey Outlook
         Japan Feb Domestic Corporate Goods Price Index, Manpower Q2 Outlook
         China Q2 Manpower Survey
         German Q2 Manpower Employment Outlook
         Aussie Jan Home Loans, Investment Lending, Value of Loans, NAB Feb Business Confidence
         UK FinMin Hammond updates spring fiscal forecasts
Tuesday, Mar.13 NFIB Feb Small Business Optimism Index
BoC Gov Poloz speaks @Queen's Univ (Kingston Ontario)
US Treasury Auctions 4-week Bills (11:30am)
US Treasury Auctions $13B reopened 30-year Bonds (1pm et)
    OVERNIGHT into US Wed a.m. et;
        New Zealand 17Q4 Current Account Balance & GDP
        RBA's Kent speaks (Sydney), Westpac Mar. Consumer Confidence Index
        BoJ Minutes of Jan 22--23rd Policy Meeting
        Japan Jan Machine Orders
        China Feb Retail Sales, Fixed Assets
        ECB's Draghi, Praet, Constancio, & Banque de France's de Galhau speak at ECB/ITS watchers Conference (Frankfurt)
        ECB's Coeure speaks (Berlin)
        German Feb CPI
        Eurozone Jan Industrial Production
        Eurozone 17Q4 Employment Report 
        Norges Bank (Norway) MPC Rate Decision
(Oslo) + Press Conference
Wed.       Mar. 14 MBA Mortgage/Refinance Applications
Canada Teranet/National Bank Feb Home Price Index
US Feb PPI-Final Demand

US Feb Retail Sales
BoC (Canada) Gov Poloz
speaks (Kingston)
Atlanta Fed Business Inflation Expectations
US Wholesale Inventories
EIA weekly Petroleum/Gasoline/Distillates Report (10:30am et)
    OVERNIGHT into US Thurs. a.m. et:
         New Zealand 17Q4 GDP

         Aussie March Consumer Inflation, RBA Feb FX Transactions
         EU 25 Feb New car Registrations
         Swiss Feb Producer & Import Prices
         SNB (Suisse) MPC Interest Rate Decision, Target Ranges
         ECB's Lautenschlaeger speaks @Florence School of Bamking & Finance (Italy)
Thursday, Mar 15 US weekly Jobless Claims
Philly Fed Business Outlook Survey
Empire State NY Fed Manufacturing Survey
Canada Feb Existing Home Sales
+ Feb ADP Payrolls Report
NAHB March Housing Market Index
US Feb Import/Export Prices
EIA weekly Natural Gas Report
US Treasury Refunding Announcement includes 10-yr TIPS (11am et)
US Treasury TICs (4pm et)
Fed weekly Balance Sheet & US Money Supply (4:30pm et)
    OVERNIGHT into US Fri. a.m. et:
         New Zealand Feb Non-Resident Bond Holdings
         Japan Jan (F) Industrial Production/Capacity Utilization
         Eurozone Feb CPI, 17Q4 Labor Costs
         Canada Jan Manufacturing Sales, & Int'l Securities Transactions
Friday,  March 16 US Feb Housing Starts/Building Permits
Feb Industrial Production/Capacity Utilization

U.M. Prelim March Consumer Sentiment (10am et)
US Jan JOLTS (Job Turnover/Quits)
Baker-Hughes US/North American Rig Count (1pm
Quadruple Witch Options/Futures/Equities Expiration/S&P Rebalanced on Close
Saturday, Mar. 17 G20 Finance Ministers & Central Bankers Meet (Buenos Aires)

         WEEKS AHEAD:  0
3/20--21    FOMC Meets
                                                 03/21      FOMC (new) Chief Powell 1st post-Mtg Press Conference
                                                               Updated FOMC SEP (member rates & inflation forecasts)
                                                 03/22     BoE MPC Meets
                                                              RBNZ (New Zealand) 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..